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Thursday, October 28, 2010

10/28: CHART OF THE DAY


Bullish hourly diverging studies helped complete subwave c within the corrective wave IV. Subwave d is now underway and could extend to 1.3970/1.4030 before starting the terminating subwave.

STRATEGY: LONG EUR/USD 1/2 took profit (55 pips), 1/2 targeting 1.4023, stop-loss trailed to cost (1.3780).