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Friday, December 4, 2009

EUR/JPY AO signal break-out


The AO signal broke out and moved about a hundred pips or so.

I've drawn in some resistance areas. The first one might be a target if you had gone long on either the pin-bar candlestick or the AO signal. In order for price to continue rising we will have to break through the upcoming resistance areas and have them retest as support. Candle sticks may provide some clues if we move into those areas.

This is not a trade recommendation. If you are trading please use a demo account or know your risk.

1 comment:

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Dan