Reply To: Practical Exercise #2

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Nigel Southon

Hi all,

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.

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