Tuesday, September 8, 2009

EURUSD Trend

EURUSD Short-Term Brakout (30m)



However, when switch to a different perspective (daily), a 'Rising Wedge' in an uptrend is observed. According to the "Breakout Patterns, pattern #20", it's a SELL signal. However, this can only to be confirmed once the price break below the lower trend line.

EURUSD Long-Term Trend (daily)


This is my analysis and please take it as reference only and DO NOT take it as trade signal as I still a novice trader :)
Pls feel free to comment.

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