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	<title>Forex Wealth Builder &#124; Forex Training, Mentoring, and Education &#187; major support and resistance</title>
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		<title>Reversal pattern EURUSD GBPUSD</title>
		<link>http://www.forex-education-learn.com/2010/02/reversal-pattern-eurusd-gbpusd/</link>
		<comments>http://www.forex-education-learn.com/2010/02/reversal-pattern-eurusd-gbpusd/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:16:09 +0000</pubDate>
		<dc:creator>Haru</dc:creator>
				<category><![CDATA[Forex Addicts]]></category>
		<category><![CDATA[1hr gap]]></category>
		<category><![CDATA[bridge]]></category>
		<category><![CDATA[candle stick]]></category>
		<category><![CDATA[daily gap]]></category>
		<category><![CDATA[EURUSD]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[GBPUSD]]></category>
		<category><![CDATA[level]]></category>
		<category><![CDATA[major support and resistance]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[money management]]></category>
		<category><![CDATA[over bought]]></category>
		<category><![CDATA[over sold]]></category>
		<category><![CDATA[pattern]]></category>
		<category><![CDATA[reversal]]></category>
		<category><![CDATA[small amount]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.forex-education-learn.com/?p=288</guid>
		<description><![CDATA[A lot of the Markets are over bought and over sold look for the reversal and trade with a small amount you be able to benefit of these markets.  In the Forex i&#8217;m looking at the EURUSD GBPUSD to trade to the 1hr gap for my first target if it bridge the 1hr gap then [...]]]></description>
			<content:encoded><![CDATA[<p>A lot of the Markets are over bought and over sold look for the reversal and trade with a small amount you be able to benefit of these markets.  In the Forex i&#8217;m looking at the EURUSD GBPUSD to trade to the 1hr gap for my first target if it bridge the 1hr gap then i&#8217;m going to the daily gap.  Looking at the candle stick pattern it&#8217;s hitting a major support resistance level and reversing.  If you decide to stay in the market longer than a few days i would recommend you use proper money management and trade with a small amount.  EURUSD here are my parameter of the trade.  Entry point 1.3683 stop loss at 1.3618 take profit at 1.3798 so it&#8217;s a 2:1 ratio set your trade and make some money.</p>
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