Thread: USD bears 2
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Old 03-03-2004, 00:02   #20 (permalink)
novice
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I was dead wrong. I thought that support at about 1.2350 EUR/USD would hold and the EUR/USD would rally from there.

But the EUR/USD broke below support.

My entry plan was to place a buy stop above the relative high. The relative high was not touched in either the EUR/USD or the AUD/USD. So even though I was dead wrong about market direction I did not lose any money.
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