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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

    Jul 18, 2012
    Likes Received:

    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

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