Friday 16 March 2012

Gold/EurUsd continued......

Following on from yesterdays posts ....Here's the Euro. I am not short yet but think price will pop upto the thick red reaction line at 1.3070 after hitting the historical ML at 1.3050-55 for another small cycle before it goes lower. If this happens (and its a big if) I will look for a short entry if all conditions/requirements are present.

Gold here is doing exactly what I thought was highly probable.. heres the detail of the retouch and form the chart posted yesterday.

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