Thursday 18 February 2010

Eur Usd step two 15:40 Central Euro Time


Ok, Price breaks upwards on this classic formation and we move our stop straight up to break even. You can see on the centre chart the very long term Mod Schiff ML set in thick white which has provided support at the lower median line parallel.
Profits are to be taken, one lot first at the first yellow dashed centre line and depending on what happens we may either keep one lot (as we have brought at a critical low of the long term thick white LMLP) or take a second profit at the brown centre line.




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