Friday, March 6, 2009

3rd time lucky or unlucky?

Price action seems to make 3 attempts and either breaks through or gives up and changes direction after the third try. In the last 2 days I watched (and was involved financially) in both of these. I ignored the first day (at a cost) so watched the second day carefully and was able to breakeven.

First the pound dollar yesterday after London open.



The the EURJPY today after London open.

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