The US session during Monday's trading saw the end of the retracement and the continuation of the upward trend. The upward move was sustained into the London session with resistance expected around the 1.4724 level.
We entered a Long position when price closed at 1.4726 around 7:30am. The first position was closed at 1.4748 for a profit of 22pips around 8:30am. The second position was closed at 1.4772 for a profit of 46pips around 3:45pm.
Wednesday, September 23, 2009
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