Friday, May 8, 2009

EUR/USD: Waiting For Pullback







I am going to wait for a retest of the 1.3440/30 level before going long. I will need price to pullback to this level to get a decent risk reward ratio (I like at least 2:1). If I don't get the pullback today, I will wait for the trend line on daily to be broken and retested before going long.

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