I am becoming Big EUR/USD Grizzly Bear

Discussion in 'Forex Trading' started by VisionTrader, Sep 23, 2005.

  1. I got short last night EURO FX at 1.2178. Stop at 1.2333. Target is 1.05 :p .

    The trendlines on the attached chart are drawn of the 1.3687 high at the end of Dec 04. If we get thru the 1.1900 area bottom then we should see significant downside.

    I am sure we will have a few false breakouts, Central Bank button pushing, hurricanes, retracements, wars, revaluations, elections, droughts, oil terrorism, nuclear meetings, real estate busts, interest rate upheaval, black Mondays, blue Wednesdays....sigh....however, I am short anyway. (for now).