Wednesday, July 02, 2008

Retrace

He could go higher to 2.0200 but he need to retrace first before he do that, i saw resistance at 2.0050, if he break this level then this bullish trend can be quite long for cable.
1.9900 looks good to be the entry position to shorting but i use EMA34 and EMA1 crossing at 1 H time frame and wait for a clear cross to enter.....if the EMAs not cross yet while the price go down near the 1.9900 then i'll pending my order there with the target 50-100 pips.


RETRACE

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