Friday, March 7, 2014


From September last year till now, this pair has been ranging. After forming a resistance at 1.6675, it moved down steadily to retest 1.6255 with a pin bar candle. 

I expect a movement up from there to 1.6465 and 1.6600 which are going to be my targets with my stop loss below the pin bar. 

Price could dip lower with about 30-45 pips before the predicted move. As usual my buy limit will be at 1.6285

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