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Watch the OR high and low
at 2007-02-06 15:26:22
I always preach that if you enter below the OR high or above the OR low, you need to watch for resistance/support as price approaches those levels. If it stalls, you want to exit. If it breaks through, the odds are good you will have a move to the corresponding Fibonacci extension.
Here are two examples from Friday of the OR low providing support. You can still make money off of these trades, but
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