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Posted on June 9, 2011 at 9:44am 2 Comments

I have been waiting patiently for EUGB to put a top and possible reversal signal in. This daily chart has a lovely Bearish out side Bar, Location is good and we close below 8900, and engulf several other days range and lows. I am looking to sell a break of this bar. As a daily bar i will look for 10 pips break to enter. A more aggressive entry is to touch trade off 8913 ish level where support has become resistance. However as the bar has not broken there sis a risk it may not. 8840 is support… Continue

EU sell of Monday

Posted on May 25, 2011 at 11:27am 0 Comments

On the higher Time frames, weekly and daily we get a nice clean move on Monday. 

EU closed Friday below the Daily support / resistance zone (blue line) You can see on the weekly that EU is in down trend, 2 weeks sell off. Las week we rallies but stalled and sold off. The big bearish bar that formed the high tells the story here as we failed at its lows. now over to the daily chart.

Friday closed below support and a powerful bar with a close near the low too. I sold 10 pips on…



Posted on December 14, 2010 at 3:14pm 0 Comments

Looks like we are in an upward Channel. …


Inside Bar and Pin Bar Combo.

Posted on November 4, 2010 at 12:26pm 0 Comments

Quite a powerful Set up here. Nice support on the black line, then we get the inside bar, followed by another but this forms a pin after rejecting a move lower. Monday sees the breakout. Entry on break of Mother bar (Red Candle) stop can be low of pin.)

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