Monday, 22 June 2009

FOREX Trading Review Video 20 MAY 09 EUR/USD : Trend Continuation (Bullish Engulfing)

EUR/USD long trade based on the close of the 19:00 (BST) candle. I entered on a pull back to the 8EMA on the 1H:

- 4H closed above the bearish engulfing candle on the 15-05-2009 (16:00).
- Belt holding signal candle close on the 4H chart which has found support off the 8EMA.
- Price action placed a higher high on the 1H (by 2 pips) .
- Hammer formation on the 1D which has found support on the 21EMA showing momentum to the upside.


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