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| EURUSD M30 |
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].
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Friday, January 4, 2013
EURUSD Short Term Channel
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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