Friday, February 4, 2011

FXP-a Trade Opportunity

 FXP-Daily-Long term this is a very bullish chart. Here's a fairly low risk set up, long above the green trendline with a stop under the red line-also at the 50-day moving average.

 My Crossover Trade Screen, we have 3 signals giving a long signal

Here, intraday you can see a low volume pullback and small base, a breakout above the trendline would be very bullish. Look for volume to increase on any move up.

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