Potential fall signal in euro

Published on Thursday May 20th, 2010 at 10:52AM by Pipmonium

There's a nice inside bar/fakey pattern emerging on the 8hour euro chart. Confluence with the big downward channel and seemingly high resistance at 1.2400 these days. This could just be the entry I was waiting for to push it down to 1.2000 price.

I hope that that the market stalls were it is now for a couple of hours more, so that this pattern do show up on the boards.Happy trading and good luck.
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    On Thursday May 20th, 2010 at 12:56PM by Pipmonium -

    I realised that this was not an inside bar after a few moments of looking at the pattern and I'm in a battle with myself if this pin has a long enough wick and fakey enough with only a 6pip false break. hmmm

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