My notes
The attached 1 hr chart displays the trades I will be considering. Keep in mind that the market could become a little volitile due to the News releases. BOE govenor King speaks at 4:45 am est(equivalent to Bernanke for the US) and Consumer Confidence at 10am est. Also see the attached daily chart which displays the INVERSE h/s which the price has been struggling all day to hold above the neck line (red TL) Once the price holds above the NL I think we will see a nice move long. But if it continues to reject the NL then our shorts should come into play. As always, when I take one of my trades and my targets are reached, I will determine at that time whether to take profits and buy another dip or hold the trade as long as it is continuoulsy progressing.
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