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Long

2014/05/16 (Friday) Price Action

FX:EURUSD   Euro Fx/U.S. Dollar
42 0 0
A slow day after the move down past support on Thursday.
We closed as an inside bar after striking just over 50% of Thursday bar.
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Monday will be interesting since we might see a continuation of the recent down movement.
If you took the 50% retrace for long you would be in a comfortable position for RR. I am playing it a bit more cautious and waiting for that Thursday bar to be broken.
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