Thursday, December 6, 2012

EURUSD - UPDATE




The trend is obviously going north in the 4hour timeframe with some correction in the past 28 hours.

However, the 30min shown an ABCD pattern as you can see on the chart. A break of 1.3090 will signal a BUY with StopLoss at "D" level around 1.3042. The take profit can target some 40-50 pips.

Enjoy the rest of your trading day.
==========================UPDATE======================================
Signal was not triggered and setup nullified as a result of break of "D" above. Status remain "NO TRADE"
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