Monday, May 19, 2014

EURUSD CT Trade

Good morning Traders:

Nothing of interest on the charts for me right now but I saw this CT trade with structure and about 10 pips away from the DPV. Reason for considering trade:

  1. Divergence on M15 & M30 Stox;
  2. Divergence coincides with rejection of price @ R1
  3. EUR beginning to loose power on the CSM

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