Tuesday 14 June 2011

...short setup lining up


The chart shows last week's bias short through the 1.4500 level with a weekly close below. Since then price has retraced and tested 1.4500 which has so far been rejected.

I'm waiting for the current 4hr to close which on Oanda will be 01:00 (UK). I'm using Heikin-Ashi candles around entry to filter any noisy price action. If the current candle closes bearish, i'll short at the open of the next candle.

No comments:

Post a Comment