Thursday, July 26, 2012

EUR/USD Long - Update

Got out of EUR/USD intial Long trade around 1.2130.  Reduced # of contracts slightly, then got back in (Long) around 1.2111.  The recent COT data suggests that the big players are extremely long the euro.  Also, the Bullish Butterfly pattern identified a few weeks ago is still valid.  Monthly Chart still shows a Gartley pattern. Happy Trading!

No comments:

Post a Comment