where you been? are you gonna hold these through the FED announcement today?...be careful!...seriously!!!
Kathy Lien analysis before FOMC..... <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/zvr3oWwJgz8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/zvr3oWwJgz8&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Break of 1.6522 minor resistance suggests that an intraday low is in place at 1.6390. Further recovery should be seen, probably to 4 hours 55 EMA (now at 16628) and above. Nevertheless, upside should be limited below 1.6832 resistance and bring fall resumption. Below 1.6390 will put focus to 1.6338 support. As discussed before, break there will raise the odds that medium term rebound has completed at 1.7043 will bring further fall towards 1.5983 key support for confirmation [actionforex]
MY AFTER FOMC REAL TRADES...LIVE/REAL...CURRENT: 3:15pm CST sl:159.24 short GBP/JPY @ 158.24 tp: 158.04 3:23pm CST sl: 1.4292 short EUR/USD @ 1.4192 tp: 1.4172 3:28pm CST sl: 1.6575 short GBP/USD @ 1.6475 tp: 1.6455 3:30pm CST sl: 137.19 short: 136.19 tp: 136.00 THE BEARS ARE IN CONTROL!!!!!!!!...FIRST TIME I'VE EVER HAD 4 TRADES GOING!!!!!!
3 more trades I am currently in: 4:30pm CST s 2.4685 short GBP/NZD @ 2.4585 t 2.4500 4:31pm CST s 1.7151 short EUR/AUD @ 1.7051 t 1.7001 4:32pm CST s 2.1276 short EUR/NZD @ 2.1176 t 2.1100
Funny thing about trading forex pairs - there is always a Bull and always a Bear in every trade. So, in every trade, the Bears and the Bulls are in control, and you need to figure out which is which.