Thursday, November 19, 2009

EUR/USD 19 Nov 2009

Daily Chart:

Bias for the day: Short
Reasons: AO+Stoch histogram Red
Hourly Chart:
Signal achieved when:
1) Trendline broke
2) 6/23sma cross down
3) SAR above
4) Broke immediate support level
5min Chart:

1) Price made a double top and stoch divergence in overbought zone
2) SAR above
Entry price: 1.4908
SL: 1.4937 (25pips)
TP: 1.4858 (50pips)
Total: +50pips

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