Thursday, 7 July 2011

EUR/GBP Analysis

Big bullish reversal candle suggests another bought of buying is imminent. Is this also was previous strong resistance and with the trend

8 and 21ema still bullish

Order placed to go long as per below:

STOP: 8896
ENTRY: 8954
LIMIT: 9128

RISK/REWARD: 3/1

1 comment:

  1. Stopped out as soon as the non farm payroll news came out on Friday afternoon. Got to be more careful placing trades when big news is out

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