Daily Outlook
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EUR/USD
Mon, Mar 16 2009, 10:47 GMT
by Dimo Dimov
Karoll
The chart shows my working count which is unchanged for months. Currently there are conditions for a trend reversal after today’s break above the previous high 1.2991 so I entered long on break of the said high. If this is true, we should see an acceleration of the up-move in coming weeks and months with minimum target a re-test of the 1.4718 high. However I have to admit that my confidence is still low because the movement started from 1.2491 could be wave c of a bullish triangle. However I keep in mind that if the trend is already changed and the expected rise to 1.4718 has already started, there is a risk to miss this movement so I made a decision to enter long with relatively close stop loss.
Trading strategy: 10:50 EST; 14:50 GMT
Long position from 1.2995, stop loss - 1.2880, target - open
Published on
Mon, Mar 16 2009, 15:04 GMT
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- EUR/USD
Published On Fri, Jul 10 2009, 08:23 GMT
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Published On Wed, Jul 8 2009, 12:29 GMT
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Published On Fri, Jul 3 2009, 10:32 GMT
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Published On Wed, Jul 1 2009, 07:55 GMT
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Published On Thu, Jun 25 2009, 14:12 GMT
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This analysis has only informational and educational purpose and does not represent a trade proposal.
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