Closing shorts here at 1065

October 26th, 2009 by tradertony Leave a reply »

We have traded to as low as 1065, EUR/USD ahs reached 1.4850.That was close enought to my initial call. Right now, I would suggest closing shorts and enteriong small long positions, as the chances of rebound are pretty good, besides this is a good R/R area right here.

Posted in Potential Setups, Trade Alert, Trade update

Tags: buy support spx support Trade Alert

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- Trader Tony is a continuation of a project I started ~2 years ago with the idea of developing my trading skills and help others to do the same. I will be sharing my thoughts on different aspects of trading, such as short term price movements, options trading, indicators, Wyckoff Schematics and many more. Enjoy the Trader Tony blog and comment.

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