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Trade Against The Retail Herd 22nd Mar

Pivotfarm's picture
Submitted by Pivotfarm on 03/22/2011 02:44 -0400



 
What's new today?


EURUSD and GBPUSD continue to make parabolic up moves whilst retail traders increase short positions. We would advise caution in the short term as strong moves like this do not tend to last, so we may see a pullback in the short term. We remain very much in the strong short zone as have for a long while with the USDCHF and USDJPY. The swissy has sustained good momentum behind an overall down trend especially last week with 5 straight down days.
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Provided by Pivotfarm via the Technical Analysis blog
 
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Tue, 03/22/2011 - 09:39 | 1085560 Theta_Burn
Theta_Burn's picture

Havn't recieved your in your face G7 bitch slap notice yet?

Do NOT follow this link or you will be banned from the site!