15 Feb 2008

GJ for 15 Feb

Hi: 212.94
Lo: 211.96

Support line at EMA55 from 1 hr chart at 211.88
Resistance at 214.00

As such Long Limit Order: 212.94, SL 211.94, TP 213.94
Short Limit Order: 211.96-25 = 211.71, SL 212.71, TP 211.11 (70 pips, another support at EMA100 from 1 hour chart)

The reasons for putting a short limit order at 211.71 instead of 211.96 is to clear the EMA55 line. Once cleared, the price will have the liberty to go further to EMA100.