Friday 19 November 2010

€$ trade entry example 1










This is more like it...Now i feel that price is being more rational! After a 100 %RT from this mornings high at 1.3730 we are now on our way down. Here above is a classic scenario i see every day. Price is trapped between 2 reaction lines and usually cycles/oscillates 3 times and then breaks out in the direction from which it came ie down in this particular case. We shall see

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