Where's the Trade? Update EURUSD 2.46 pm London 16/2/12

Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading's Complete Response Trading System's specific entry and exit rules, which are only accessible by STT clients. 

Based on Where's the Trade?: EURUSD

Thus far, EURUSD has not satisfied the momentum conditions for STT ReCoil on the 4H charts. Even though it fulfilled 1H conditions, momentum is too strong on the 4H chart, and it has not yet reached the shatterpoint. This trade continues to be the one of primary interest.

Net: No entry as yet.