Forex Traders May Consider this Forex Signal with a Bear Entry

Sell EUR/USD at 1.4179-95 (I prefer a sell near 4195′ish) level targeting T1 1.4107, T2 at 1.4070 and T3 at 1.4015

Stop loss will be 1.4235 or less once we see new resistance set around the entry level. I will step back here to kill a failure and reconsider a new entry if conditions warrant.

Resistances: 1.4200, 1.4246, 1.4291

Supports: 1.4144, 1.4135, 1.4109, 1.4070 and 1.4000

I will be back later with Market Timing Alerts

Britt

This entry was posted on Monday, June 1st, 2009 at 7:13 pm and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.