This blog is created to show market analysis based on our Power Trend Strategy. The strategy was designed with intra-day traders and part-time traders in mind. I will do all it takes to make it simple and explicit as possible. PLEASE REVIEW THE FIRST POST (Risk Warning)! Please enjoy. TRADE ALERT HERE: http://bondfx-tradealert.blogspot.com
Wednesday, December 9, 2009
EUR/USD - RECOVERY EXPECTED
Hello everyone,
Its been a while and i decided not to post any analysis after the NFP, waiting for a good market condition, and I think i spot one on EURUSD.
The MACD ready for a rally and just confirmed it with good market strength on ADX. 1.47000 must be defeated for a good 40-50pips profit. Stoploss should not be more than 80pips.
Let us watch together.
James.
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