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Old 05-30-2007, 08:49 PM
leveragefx leveragefx is offline
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Join Date: Feb 2007
Posts: 61
In this perfect example you can see that during the down move from 1.3450 to 1.3420 the market went down more than average during the 5 to 6am bar. The FX Multimap also showed a -24 which is very weak. On the move back to the 50% Fibonacci Retracement the market's strength was about 18 which confirms the trade.

Additional reasons to short - Balance Point Line, Weekly and Daily pivot Resistance levels and Trend Reversal Sell Signal!!!

The market stops on a dime and falls to the 1.382 Fibonacci Profit target, this would be a perfect place to exit.

30 Pips Profit in less than 1 hour.



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Last edited by leveragefx : 06-30-2007 at 07:24 PM.
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