Monday, July 07, 2008

G8 Meeting

I dont know what rumours behind cable downward in this whole asian session, is it because of the G8 meeting?I dont have any clue yet but still i analize the technical.
Current price are in 1.9751 area and looks like its going south and more south but as long as 1.9700 support not broken, the uptrend will proceed to try break the 2.000 resistance.
I better step away from the market and just wait and see whats gonna happens till tomorrow but if there are some velocity showed around an upward then im gonna go long using EMA 34 at 1 H TF and close the order when the EMA lines crossed over again and open another order, a short one.



Happy Trending


           :-)


decisive

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