Impact of U.S Interest Rate Hike
9 years ago
Swing tradeTuesday, August 31, 2010
Price has made a pullback to test the broken trendline and was rejected by the fib 50% levelof the previous downswing. As long as the broken trendline holds, there is a possibility that price will continue downwards to 123.40 region.
Stop loss is placed at 138.00 in case the set up fails.  will the lower trendline holds???Sunday, August 22, 2010
The price has failed to close below the daily lower trendline and now has formed a variance of a bullish dragonfly doji - an indication that a temporary low might be forming.
As long as the lower trendline holds, the price might retrace to test the upper trendline in the 135-136 region. Below is the daily chart as of weekend closing.  Pullback tradingThursday, August 19, 2010
Price has broken the upper trendline on the H1 chart and later pulled back to re-test the trendline. Now it looks like the broken trendline has become a resistance and the price should move upwards now.
I placed a buy position at the close of the H1 candle with stop loss placed slightly below the swing low. Let's see how it goes.... 
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