Monday, 27 April 2009

WHICH WAY GEPPY?


The answer is a price trap...On the 4HR chart, we are making a series of Higher Lows and Lower Highs which makes it difficult to determine were price action wants to go.

A break of the wedge would be the conservative way of getting an entry either way.
I already have longs off the 135 and 140 level but if i see a break off the lows @ 141.10 i will consider closing my longs.

However my bias remains long medium term

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