Thursday, May 26, 2011

Good Entry to Sell Euro? 8:00 AM CST 5/26

After being wrong about selling 1.41, I am going to put my hand to the stove again. I sold after the 15 minute bar from 7:45-8 AM CST formed that shooting star. The MACD also had divergence(yellow lines). Combine this with this shooting star forming at the 62% fib level of the most recent real down move and I think this is a low risk entry. A real move over 1.42 changes my thesis.

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