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EUR/GBP

EUR/GBP

2010-07-15 14:30:00
Thomas Long, Course Instructor
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We should be looking for sells as long as the trend is down on the daily chart but we should look for a reversal back to the downside on this 2-hour chart first. To me, that would mean a move down through the .82903 low as shown on the chart. Traders could sell on that break and place their stop above the .84204 high. Target to take profits should be set at twice that risk for a 1:2 risk:reward ratio.

eurgbp 715

 

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