Wednesday, November 21, 2012

EURUSD H4 Channel Trade EURUSD Channel Trade
I got a new pattern in EURUSD. Being the most volatile, I dont trade this pair without any good setup. 

Currently  price is making up a channel on hourly and H4 charts. 200EMA(white line) comes just above the upper trendline and I expect this to provide good resistance. 

My strategy is to short on any bounces towards the upper trendline and 200EMA.

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