Sir Pips is predicting more of a large scale economic meltdown. It should be interesting to see if Sive or SP's predictions come closer to what really happens.
Hi Sive Morten,FX EURO WEEKLY September, 04, 2009
Weekly - Bearish.
- Look at the way that situation with Gold will progress. If bullish breakout will be true than keep out form short positions on EUR/USD pair;
- The strategy is the same. If you have a possibility to trade on weekly basis, short as higher to upper border of the wedge as possible, I think it will be real near 1.44-1.45 level. Stop 1.4725, profit 1.42-1.4250;
- I expect that there will be no downward break of the wedge during next week.
Why don't you trade 0.1 lot instead of 1 full standard lot for $5000 account ?Second, I can't trade on weekly basis, cause my demo account here is just 5000$. Maximum for that account - 1-4 hour basis, maybe daily, if there will be a possibility to place correct near stop.