Tuesday, August 28, 2012

EUR 27 Aug intra day higher low as discussed earlier


Whilst I was expecting more a little more down side I did mention this morning that anything can happen, EUR may not go lower. My view was that an intra day double bottom/higher low (changing lower high lower low flow) should be enough to move us higher.

The W pivot held and the 1hr intra day higher low engulfing close pushed us upward.

I also said that the market will do what it wants, you can only control how you react to it. Having a plan in advance helps.

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