Wednesday, 20 March 2013

EUR/USD 20 MARCH 2013



Price fell and took out the B low giving us a new AB swing. We once again have to wait for a retracement to the 618/786 of this swing for a short entry. Else a sustained break of 1.3000 will start a reversal on this time frame.

Will be going long if:
No trade setups at present - stand aside.

Will be going short if:
No setups at present, price not in any area of interest, wait for a 618/786.

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