UPDATE: 5/24/10 9:00PM EST We were stopped out of this trade -90 Pip Loss
Play of the Week
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EUR/USD – To rangebound with bias skewed higher
Momentum bias – looking for longs at 1.2506.
Play of the Week:
I am looking to go long at: 1.2506 area.
If filled, my protective stop is 1.2416
My profit target is 1.2636
Risk = 90 pips Reward = 130 pips
(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)
Chief Executive Manager