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Old 08-06-2008, 10:54 AM
Tess Tess is offline
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Join Date: Jul 2007
Location: American in UK
Posts: 419
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I hope one or two viewers are rolling the (short) dice on this pair. Picking up from the previous post, the recent depressed behaviour is continuing to play out, bouncing off the s&r range boundaries & offering low risk/higher reward opp's for directional trades.

Again, identifying your s&r levels...ranges...consolidation ledges - call them what you will, makes your job easier when looking to wrap your favored set-up triggers around the game play.

Whether you wish to play the naked break-out or wait for a pullback, the momentum is still in your favor, allowing not only a clear objective trade, but also a decent positional stance for an emergency stop-loss exit in case price fails to play ball.

A quick glance at maybe your 240min timeframe will offer some potential lower support gauges should price continue to drift.
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Last edited by Tess; 08-06-2008 at 10:57 AM.
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