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Forex & CFD Markets, Senior Analyst, Provide Technical Analysis & Education Program | www.TonyNassar.com

Monday, November 22, 2010

Euro 1 Hour (22.11.10)


From 8 Hours Analysis:
As we said as long as we are above the support 1.37 there is no Bearing
No bullish as long as the next 8 hours candle didn't pass & close above 1.3777

1 Hour Analysis:
Euro is still moving in the bullish channel with the support of 1.37 But its locked in the 8 hours chart under 1.3777 Bearish Resistance

Scenario:
- As long as we are moving above 1.37 we will continue the bull inside the 1 Hour channel.
- While any move under 1.37 will bear till next support 1.36 / 1.35

Signal:
- Sell Euro From 1.3777 
- Stop Loss 1.38
- Take Profit 1.35

Tony .'. Nassar | www.TonyNassar.com

4 comments:

  1. Sell Euro (as long as 8 hours candle didn't close above 1.3777) hit the 1st target on 1.35 with a profit of: 277 pip ( +2777 $ for each one lot )

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  2. Good call Tony. Took this trade as well so cheers for that.

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