Reply To: Practical Exercise #2
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June 9, 2015 at 10:44 pm #1089
Attached is my Practical Exercise 2.
How I see this is:
For EURUSD the price action is above MOR, and has pulled back off MOR. Because the price has not taken out the previous swing high, I would consider this as stand aside.
As for the GBPUSD, this is a similar situation, a weak buy, until the previous swing high is taken out.