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Monday, October 25, 2010

Possible Channel on $EURUSD

Hello traders,
There is a short possibility on $EURUSD as shown in the H4 chart above.
We have a got a down-sloping channel and price is near the upper line now.
What I exactly want to do now is to wait for the price to go below 1.4000 level and for a short signal I'm absoloutely waiting for the hourly trendline (second chart above) to be broken and then I will go short.

Regards

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