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COT and EURO/DOLLAR pair – go LONG soon … ?

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If you have read my last post you have noticed that people from TimingCharts have came up with a last piece to my puzzle. I have been waiting for a while for EURUSD to come back little bit and it seems that right time is slowly coming. One last piece to my jigsaw is change in Change-Large-Long(ALL) – Change-Large-Short(ALL) positions. It is slowly moving upward and if it gets to the previous HIGH within 2-3weeks I believe we can expect EURUSD to retrace to its 50% retracament: 1.42 level. That means we are currently 600pips away. If you would have asked me today where to put your money with low risk and high reward ratio I would tell you this. Put you limit buy order on 1.35 with a STOP-LOSS at 1.3384 and set your fix TP at 1.40-1.42. Wait for two months and exit your position by the end of March. 1:5 RATIO with new lower low below 1.34 is a good position to be in. I am waiting for it and if someting else doesnt change my mind and all elements will keep pointing towards my idea I will stick to it.

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