Tuesday, July 15, 2008

Great Cross

It was a great cross yesterday at 1H TF, it push up the price more than 100 points from the cross to the 1.9860 area.
Buying sterlings still interesting to me, 2.0 looks like to be a good place to entry. Any retracement should be facing supports around 1.9915 and 1.9850 for further retrace.

Todays strategy:
-place pending order at 2.0003 and stop at 1.9970, take 50-100 pips profit. Close the order if the price run suspiciously.


Happy Trending

           :-)

try to break the 2.0 level

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