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Thursday, September 5, 2013. EURUSD Longer Term Short Position. This is a very nice,longer term position that I took on August 27th. Just like its counterpart, USDCHF. A classic tight range where the over and under pattern was once again present. This is was a text book over and under pattern trade with decent stops. The pair was facing some exhaustion to the upside as suggested by the 4H MACD bear divergence pointing towards the 1.
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