Thursday, September 18, 2008

Daily chart 20 SMA failure and hanging man

Here on the daily chart price assaulted 20 SMA broke and could not hold and closed below 20 SMA. The short term trend is also down. The good strategy here is to Sell rallies or stand aside.
The 20 SMA is slanting down.Price closed below 20 SMA . MACD is in sell Mode.Target can be the Low Price touched and Strop Loss can be placed 10 pips above 20 SMA

1 comment:

oscar pelanga said...