Friday's trading began with negative divergence on both the 15minute and 1hour charts. The best entry would have been around 4:00am GMT but that might have been too early for most people to catch.
The next opportunity was around 6:30am when price breached the 1.4918 Support line. We went short at 1.4913 and the first position was closed at 1.4893 for a profit of 20pips. The second position was stopped out at entry around 8:15am.
Tuesday, October 20, 2009
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