Thursday 18 February 2010

EurUsd update


Just for kicks, heres the bullish hammer candlestick bar that came back to test the brown LMLP and possibly the red centre line of a confirmed active ML set. Price is very volatile. Experience tells me that this formation is very 'clean' and has no deformaties except the LHS of the wave/mountain which we have already passed and price could easily reach the apex around 1.3740 BUT no point in being greedy and we will be patient and see what happens

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