As I mentioned in the previous post on this pair I bought on the formation of a harmonic move at 170.20, I kept pushing my stop up in order to reduce the chances of a stop out if the market only made a weak move up, which I guessed would be of the order of about 60-70%.

I also mentioned that as we are in a srong uptrend on this pair a failure to set a new high would not be a sign of trength and could signify a further correction to the down side, my thoughts are that if this is the case a push to a new low is possible, so here is my entry set up for today.

http://screencast.com/t/nd9acd6ReFvT
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