EURUSD CCI Set up
February 12th, 2009
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After the donside breakout of the morning range EURUSD reatreced to the 50 MA. At the same time CCI climbed above 110 level but quickly went back below it. This was a sell signal and we placed entry stop order below the low of the signal bar @ 1.2841. The protective stop loss is @ 1.2871. Depending on our position management rules we cane make up to 110 pips profit for one hour period.
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