Wednesday, June 13, 2012

ABF - Update

During the course of my "absence", my ABF trade has been into a profitable position but didn't hit my first profit take level.

The trade has now gone against me and I also suffered a bullish divergence against the trade as highlighted by the orange lines.

However, my trade is still running in accordance with my money management strategy and I am now hoping for some strong price resistance as indicated on the chart.

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