UPDATE 09/12/2012:The pair has not behaved as i was expecting. Although it
has taken out the 1.0480 resistance it hasnt gained momentum closing the
week at 1.0484.I will raise my s/l at 1.0320 and be vigilant to rethink
and maybe close it if it doesnt climb above 1.05 on Monday close.
UDPATE 29/11/2012: I have entered my trade at 1.0465 erly monday morning
The pair gave a buy signal last Friday
I will enter (market)long at the opening of Monday session (00:01) with a target 1.07 and s/l 1.0290.
I will keep a tight trailing stop on this trade as i expect the movement to be impulsive. Bear in mind that i have still open my USDJPY trade.
UDPATE 29/11/2012: I have entered my trade at 1.0465 erly monday morning
The pair gave a buy signal last Friday
I will enter (market)long at the opening of Monday session (00:01) with a target 1.07 and s/l 1.0290.
I will keep a tight trailing stop on this trade as i expect the movement to be impulsive. Bear in mind that i have still open my USDJPY trade.
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