Tradesetups Aug 3 2011

NZDUSD
I just took a trade based on the pinbar that formed on the 20 EMA and the 38% fib retracement. SL is just below the fib level and the 20 EMA.


AUDUSD
Same kind of setup occured on this pair, but then with the 50 EMA and 50% retracement as support.

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