Monday, October 19, 2009

Choppy retracement day for EURUSD 19 Oct 2009


Expecting a choppy retracement day as sellers fight for a lower low at the 1.4820 support.

This would eventually close as a hanging man candle in the daily charts today.

Trade plans would benefit scalpping with a target of 10 to 20 pips as we take advantage of the market forces fighting for control.




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