Friday, July 13, 2012

Frantic Friday ...well not really

Hi Guys

Its been a strange week in the FX markets. Today we seem to be consolidating with choppy 'tops and tails' stop hunting going on. Got a few long term trades on (I hope) but I am not attempting any short term scalps today. Still have a prime area for reversal on GBPUSD at 1.5377 but I don't know if she is going to get there today (see chart below). More likley to get an indecisive Inside Day.  Bullish long term on EURAUD looking tempting here (1.1988 - Marabuzo) after yesterdays bullish engulfing.


Posted by FXLTR at 11:48 AM

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