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Tuesday, September 29, 2009

Monday 28th September 2009

Today we had positive divergence on the 1hr chart as we came close to the beginning of the London session. There was a chance to go Long around 6:30am at 1.4600 but we waited for the upward move to prove itself before entering. Price bounced off the 1.4628 Resistance line and we entered a Long trade when price came back and closed above the Resistance line at 1.4629 around 9:45am.

The first position was closed at 1.4652 for a profit of 23pips around 12:15pm. The second position was stopped-out at entry around 4:00pm.

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