Monday 20 December 2010

EURGBP

Trade ended up a bit like a damp firework & stopped out on the big candle as b/e. I am still not sure how this will pan out but GBP looks weak.











Above is a classic example of how extending the RL beyond the upper or lower MLP is just as effective as when price is in the fork. I have found price can be effected by long gone RL's/forks.

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