Friday, January 4, 2013

EURUSD Short Term Channel EURUSD Channel Trade
Apart from the daily channel trade of yesterday, a short term channel is forming on M30 chart.

A break of that channel to the upside brings focus to horizontal resistance area. 

This area is support-turned-resistance. 

I wont be taking this trade as I already have one long position opened at 1.3040. Previous post [here].

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