Metal procurement & cutting edge technical linear studies utilising reaction lines to provide high probability trade setups and create charts that reveal true organic support and resistance.
Sunday, 2 May 2010
Chart of the Week!
Euro$ 15 min Metatrader chart with green up sloping ML & reaction lines, warning lines (dashed green) and two further forks (pinky-red & yellow and) showing CL and upper and lower ML parallels.
The MACD and Stochs both confirmed over brought conditions with reg divergence as price hit the pink UMLP which was also the lower MPL of last Sunday's gap
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