Sunday, July 12, 2009

QTU's on Sundays? you bet..

Wow! On on Sundays? Sunday night for my timezone? Perfect trading opportunity? Maybe. Everything is always less then perfect in Forex trading. This time the stars are aligned, stars meaning the different Forex websites and resources I always check before entering ANY trade. The pair

EUR/USD, read the previous post and you'll see a Fibonacci pattern in this trade, which is going to be an interesting one since since it's a mixture between technics and fundas. Almost all reliable websites, including some minor ones (like me) see a buy opportunity soon and a sell off at a range above 1.40. Now unless something major happens fundamentally this isn't a bad idea at all... I'm buying!

Disclaimer:

All opinions expressed, trade recommendations/advice on this website are solely of John van der Munnik and are not affiliated with any investment firm or any other organization. You should not make an investment only based using this website VDM Trading for your trading needs without seeking help from your own financial advisor.