EUR/USD

Plan on staying long for the duration of tis trade - although may take 2/5ths off on the 49sma and the rest off @ the 200 sma if it reaches it rather than the oblique resistance channel (Feel it could be a bridge too far and would be happy with ~50 pips total.

This is currently breaking out of the down trend line.
Best wait for a 123 low so one to watch for a potential long???

Rossymc wrote: 80 onside
Was 100+ therefore 50 points stop

RMc

Got smacked out for 50 Sunday night. Bloody dy light Savin on Friday cost me! Live and learn eh!!!!

Now hit the gap on the 4hr and bounced. What a surprise!



RMc

This has bounced of 1.28755 support a few days ago and has now formed a 123-low on the 4H chart after a lovely doji. Unsurprisingly it found resistance at previous support and round number @ 1.30 but has since dropped back to test the breakout point for the 123-low at 1.29782 which is where I went long. A close above 1.30 should see further gains and I'm initially targeting the 1.31 area as that's the 161.8% Fib extension of the initial rise:



dl.dropbox.com/u/20815047/EURUSD4H24_03_13.gif

80 onside
Was 100+ therefore 50 points stop

RMc

55 onside and stop BE

RMc