Thursday, May 8, 2008

EC Rising wedge update - trades to T2

EC - The break from the rising wedge pattern traded into the 2nd target zone overnight after the first level was hit a week ago. Slow line has made momentum lows so still looking for T3 level in the 1.49-1.50 zone next. Its possible we may get some kind of a b-wave up on the daily chart, 1.55-1.56 is resistance.

Best to your trading

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