doublebottom
eurgbp
trendanalysis
wti
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Public Trading Idea Log
5
1. Stick with the trend 2. Wall St thinks oil will go to $40 3. OPEC not going to cut production
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There was a double bottom formation after the UK PMI data was lower than expected, this indicator is also at lower levels than previous months. The RSI technical indicator is showing bullish divergence and the MACD line has just turned above the signal line. The trade setup is entry at 0.7794 with a stop loss at 0.77653 and the first profit target at 0.78227....
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Has anyone looked at the 4 hour EURUSD chart lately. Is it just the one I am looking at, that isn't displaying correctly?
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