Friday, January 26, 2007

Countertrend - another example

  • Low volume
  • Bottom made on first breakdown candle
  • Euro/USD cash broke 1.2900 for the first time today (the chart shows futures)
  • Entry 1.2925, Stop below the low at 1.2920. Target next high volume zone at 1.2940
  • Risk : Reward for this trade 1 : 3

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