1.4900, 1.4800, 1.4700, 1.4600, Every round number is known as figure in trading. It tried to break 1.49 and bounced from there. More often than not if figure is broken but not the 90 number meaning 4890 than its still will trade above figure. breaks of 4880 or 20 pips below figure will almost always test 4840 or 40 pip drop. ON way up is figure is borker it normally will test 10 like 4910 or 5010 and that is why i place my stops above or below these false break out levels. Once this pair breaks figure on my trade i will bump my stop to entry of 4930 to take risk from account and expect continutaion but it comes back lose nothingt that is risk management and a break even is consdiered a winning trade.
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If there is ever any doubt then there is no doubt.
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Hi, my name is Barry and you can keep your doctor...
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