Thursday, January 30, 2014

EurAud bullish Outlook

Price broke the 1.5510 strong resistance level with a high momentum

For the last 4days, price has retraced back to this level and yesterday, a pin bar was formed which ''fakely'' broke this level downward and immediately moved up

I expect a bullish movement to 1.5840. I will sell at 1.556x and set my stop loss few pips below yesterday low

Maintain proper account management and trade at your own risk

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