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Trading setups and reviews

Discussion in 'Market Predictions and Reports' started by Forex Mind Games, Sep 9, 2012.

  1. Forex Mind Games

    Forex Mind Games Private, 1st Class

    Joined:
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    EURO BULL TRAIN

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    After last week's decisive bullish breakout, EURO seems to be on a bullish train. I am expecting EURUSD to do a possible re-test of the pivotal zone 1.2620-50. If price do touch 1.2620-50, it is a good area to place your long positions.
    If strong demand is present at 1.2620-50, price should target the next resistance zone of 1.3000. This is a trade which i like to take. Low risk of 30-50pips, and high reward of 200-300pips.
    Long near 1.2620-50
    Stop loss below 1.2600
    Final target profit 1.2980-1.3000
    [​IMG]
     

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