Tuesday, January 5, 2010

Result: 4/1/2010 AUD/USD Free Time Signal

The indicators were suggesting a short on the M30 chart but with price resting right above the weekly and monthly fibo, any shorts taken would have hit the SL by now. A sell with a stop placed right above the Time Signal would have resulted in about -20pips.

This rarely happen during a time signal but in such cases we just have to read and follow what the market spells out and accept a small loss.

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