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Forex Signal for 22/10/2009


Hello everyone,

Hope we are all doing great. Now back to the market, we had quite a funny week so far. Volatility has been unusually high and no clear direction is being seen in the market. My levels of major support and resistance and my fibs too are not responding like usual, this may be due to the news factor since investors are taking more risk on board. This may take couple of days to settle and hopefully this will clear out all the noise we are experiencing at this stage.

I’ve decided to put up only 1 trade for today to be on the safe side.

So here is the analysis for today’s session. I strongly recommend that you use your own analysis to confirm the trades I will be sending. Most of the trades will be sent 15 minutes to 2 hours before the move eventuates, though we are taking into account the short, intermediate and major trend at that point in time, market conditions may change

Today’s Signals:

EUR/USD
Buy:1.5047 | SL:1.4998 | TP:1.5098
Sell:1.4943 | SL:1.4992 | TP:1.4893

IMPORTANT: I will be sending two possible scenarios from tomorrow. Buy and sell orders on most of the majors and the Yen pairs. If for example buy order is triggered, cancel sell order and vice versa. I will start posting trades everyday from now on.

FOLLOW ME ON TWITTER FOR TRADE UPDATES
www.twitter.com/ashforextrading

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