Tuesday, August 10, 2010

New EUO Trade

I am posting a new trade on EUO which is a 2x bullish US Dollar ETF. Based on the Fibonacci retracements and candlestick pattern, broken downtrend line, bullish divergence on technicals, I believe we may see a nice move up from here.

New Trade:

Buy EUO today with a market order. Blog entry is 21.65

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