Friday's trading started with clear negative divergence on the 1hr chart and a mini downtrend developing on the 15minute chart.
Price however failed to breach the 1.4708 Support level all through the London session and when it eventually did breach that level around 5:15pm, it closed too far away at 1.4687.
There was therefore no entry for us on Friday.
Saturday, October 10, 2009
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