Monday, August 29, 2011

EURO REVERSAL TRADE

Took this Euro reversal trade after seeing a failed slingshot (SS) on the H1 chart supported by bearish divergence on the M15 chart. Trade already up 34.2 pips with 20.8 locked in and therefore in a free trade; PT1 @ 4464 (38.2% FR of last move) PT2 @ 4438 (50% FR) & PT3 4327 (the prior low of 8/26/2011).
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