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Trade Against The Retail Herd 16th Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/16/2011 03:01 -0400



 
What's new today?


In yesterdays session we saw some very 2 sided action especially in the Euro, we initially saw a EURUSD sell off as a flight to the safety took hold due to a sell of in far eastern equities. In the early part of the NY session this fear reversed and strong buying took us back the levels at which we started the day. this show of strength has pushed GBPUSD and EURGBP in the long zone and edges EURUSD into the strong long zone.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Wed, 03/16/2011 - 07:20 | 1059834 Yen Cross
Yen Cross's picture

flat

Wed, 03/16/2011 - 10:13 | 1060375 Orly
Orly's picture

Yep.

Best to kill it and...

Wait!

My favourite pasttime now-days.

/:

Wed, 03/16/2011 - 04:53 | 1059742 Orly
Orly's picture

If you're able to watch it or care to take a risk with a fairly tight stop, get long USDJPY to (a) 81.828 and (b) 82.617.

Best of luck trading in these crazy, crazy times!

:D

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