Thursday, June 9, 2011

A Fast Counter in #EURUSD

Cashed in some profits on this trend line break. Used MACD bull divergence in my favor. These work very well when the target is not very far and the R:R is clearly worth it in this case something close to 1:3. These also work really well in low activity market timing.

I was anticipating this move late NY session.



The 15 min. chart showing the trend line and actually a 'comb' formation backed up by a clear MACD bull divergence.

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