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Tuesday, February 15, 2011

SUCCESS or Fail?




Observation
1) Trend Line - Downtrend ( Bearish
2) HH - Formed lower high at 1.1 and retracing ( Bearish)
3) MACD - Bearish
4) RSI - Bearish
5) ADX - Good momentum but bearish

Conclusion.
Wait for this counter to go down further and wait a nice reversal

Entry Price - 1.07 ( With Harami Attack)
Stop Loss - 1 (R1) and 0.92 (R2)
Take Profit - 1.2


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