Tuesday, August 11, 2009

PO buy and sell

With current move, next target is 157.95 (FE 61.8%) before bouce back to trendline @ 159.00....then continue south for 156.5x. (FE100 % & Fibo 161.8%). This will play as major support for this week. Breaking this level will bring the pair to 153xx and could be lower.

Place buy limit at 158.00 (FE61.8% @ 157.95) TP 159.00 and SL 157.50. This bias is base on bullish divergence at H1 TF....

and sell limit at 159.00, TP 156.00, SL 157.00...

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