Thursday, October 13, 2011
Jamie’s Pick: 10/11/11
9:02 PM | 
Posted by
Forex school |
I wrote Friday that “the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has broken the internal wave 3 channel and focus is now on the more important Elliott channel that should help us identify the end of wave 4. The channel intersects 9834 early next week.” After slipping just below 9834 yesterday, price has bounced slightly. The reward/risk balance favors longs here.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
Labels:
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment