Jan 30, 2012

#Entry - Long EU

EURUSD H1 Chart
Placing an entry at 1.3188 as buying EU.Target Profit(TP)=1.3226, Stop Limit (SL)=1.3165 with ratio 19:12.Since a hammer candle produced at EU H1 chart at 11.00am (GMT+8),it may indicates a reversal  pattern but it needs next confirmation candle.It also may produced corrective pattern since resistance at 1.3226 is tough,perhaps.

In the other hand,if it breaks 1.3165, next will be bear.

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