Monday, March 10, 2008
March 10, 2008
Traders welcome back! This trading week market already started with new highs on cable. These current highs ruined my plan that I prepared for you, so nothing on this one for today. I will wait for another and larger retricement. Ok, USD/JPY is also interesting, like always.
USD/JPY
After Fridays payrolls and new lows on USD/JPY price quickly retrace and found resistance at 103,24. This high I labeled as wave (a). Right now is price in small down channel in wave (b) with double zigzag, I am expecting break in to the uptrend. What I am doing here is that I would like that market show me if I am on the right way. I am talking about confirmation of the trend. If my plan will come true, then I will sell somewhere around 103,50 – 103,70.
If you have any thoughts to trade on this way up, then I suggest you to go long after the breaking upper trend line of the channel, with stops bellow 101,70. Trade well, Grega.
30min chart
For all analyses please visit website http://www.trading-fx.si/fx/sloanaliza.htm
Analyses are made by
Gregor Horvat
chief executive officer
forex analyst
Capital Forex Group LLC
Blogged with Flock
1 komentar:
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