Trades in play are:
Buy @ 1.4216 SL 1.4200 TP 1.4231 VALID = 15PIPS
Buy @ 1.4162 SL 1.4152 TP 1.4182 INVALID
PROFIT = 15PIPS * $10 = $150
Monday, 18 April 2011
Monday Afternoon EUR/USD Chart
The market has taken a considerable step lower, with the EUR/USD currently @1.4203. A retracement is now in process, with a break of 1.4216 giving way to the 38.20% Fibbonacci line @ 1.4231. Otherwise the downtrend should continue.
Trades in play are:
Buy @ 1.4216 SL 1.4200 TP 1.4231 VALID = 15PIPS
Buy @ 1.4162 SL 1.4152 TP 1.4182 INVALID
PROFIT = 15PIPS * $10 = $150
Trades in play are:
Buy @ 1.4216 SL 1.4200 TP 1.4231 VALID = 15PIPS
Buy @ 1.4162 SL 1.4152 TP 1.4182 INVALID
PROFIT = 15PIPS * $10 = $150
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