Monday, January 23, 2012

EURUSD 23 Jan 2012 Direction

Is it Reversal or Continuous on H1 charts?

Hi Guys, hope you guys are getting more pips that before.. To All Chinese traders, we at SFXT wishes all of you a Happy Chinese New Year, GOng Xi Fa Chai.

Back to business, i've posted a one hour charts. Since the breakout, we already gain more than 200 pips. Last Friday shows how price breach the Kijun trailing a good sign for you to exit your trades, based on H1 entry. But will we reenter? yes, Some did stayed buying , despite the TS cross over KS. 
To me, we are still in a bullish trend, and we are looking for a good buy signal to reenter buy position. We dont make market, so, stick to the trading rules, money management and if its does cross below everything, we will short.

Good luck with your trades, and happy pippin.