Friday 17 June 2011

...retrace in play and waiting



The short exited at the stoploss for +257 and now we see the retrace. 3 factors to watch now, 1/. The support / resistance switch with 2/. hourly rejection price action at the 3/. 50% or 61.8% fib retracement levels. An entry around this confluence of levels would give me confidence to think that the 1.4000 level is a probable 'Big Dog' target.

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