Confessions of a Forex Trader

Finally the EURUSD broke the top of the 4H range it traded for about 2 weeks:

EURUSD

It is in a clear bullish market condition, meaning only long opportunities are in play.

Here is my trading plan:

As long as the EURUSD keeps trading above 1.5038 I will be looking for long trade opportunities. The next long term resistance level is around 1.5340

All short opportunities will be ignored.

Trade Safe!
Raul Lopez

Tags: Euro, Euro analysis, EURUSD Analysis, Forex majors

This entry was posted on Wednesday, November 25th, 2009 at 5:19 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.