Monday 13 December 2010

Euro$

Nice Fib .382 RT( shallow). price holds at WL. Stoch ribbons & B-line flat on the floor( arrowed)
Reg divergence in MACD. Long entry 5pt stp. Objective 1.3300 (RL)
This is a type of 'Kiss retouch' which can just as easily happen on reaction or warning lines with excellent results. Here is a link to TRADING NAKED and his somewhat similar example

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