Date: 27/11/2012
Bias: Bullish
We are in uptrend and coming off from a 50% retracement. I will look to go long
There is not much on four hour chart at the moment.
However, we see a flag/rectangle on 1hr chart. I will go long at the bottom of the range with expectation towards break higher. And When the break of 1.2420/30occurs, I will take one more long position with stoploss below lower end of the range.
Position 1:
Long @ 1.2390 -> OPEN
SL: 1.2350
Target: Open:
Position 2: PENDING
Long @ at 1.2420 after break of 1.2430
SL: 1.2370
Target: Open
Bias: Bullish
We are in uptrend and coming off from a 50% retracement. I will look to go long
 |
| Daily chart |
There is not much on four hour chart at the moment.
 |
| 4hr Chart |
 |
| 1hr chart |
Long @ 1.2390 -> OPEN
SL: 1.2350
Target: Open:
Position 2: PENDING
Long @ at 1.2420 after break of 1.2430
SL: 1.2370
Target: Open
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