UPDATE – Crunch Time EURUSD – 5/27/2010


EURUSD Crunch Time – The Eurusd held its 1.2150 support level and trigger a Kijun Sen cross on the 30 min and we entered a long EURUSD at 1.2217 as referenced with the attached chart by the blue arrow.  We quickly went positive by 120 pips however we have come back hard in the last few hours with 1.2240 holding up.  At this stage I would bring my stop to BE at 1.2217 and have my first profit target just under our last high.  Well make it 1.2317 to sell half.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

About the Author David Terk