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Tuesday, February 2, 2010

#6 Reversal setups again



here are the reversal setups to watch for on the 5 and 15min charts, red, indicive doji, yellow combo usually means the market will go in the direction of the last candle or UP. And yellow, indicive doji, red means down.
6- so on this last trade when it broke 50price, the support, i took a sell feeling strong that based on the 5min chart (yellow, doji, red) that this would reverse down for some pips.

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