1.5061 was previous top. Broke above to high of 1.5141 today but have since faded.- Fresh short on first trade back below. Price action has loss of momentum and reversal feel to it. (Rosenberg bias here still).
- Daily chart has triangle break-out and re-entry back inside. Must be many trapped bulls out there.
- Trade based on daily chart. Departure from usual longer term time-frames. Lower probability of success but being early = trade-off against better entry level.
27 November 2009
EUR/USD : Re-Entry Below 1.5061 = Short
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