Tuesday 24 April 2012

EurUsd......Corner trade or breakout-continuation

Its got to be a corner trade off the d/sloping reaction line and blue UMLP or a break up and through. The RL comes form the peculiar thin green up sloping fork. entry will be on the break of the thin green ML ( previously mentioned) and the taking out of the previous low 1.3150..beware we may see a further attempt at the RL so a safer entry would be to wait and watch the Ensign Bline 2X template for an entry.

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