TRADING FOREX MARKET
The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.
Greggory L. Morris
Wednesday, February 17, 2010
USD/SEK (+2554 pip value 0.14, actual +364)
this is very simple trade, and yes they do exist. It is a long term trade (weeks) and is founded on the continuation of the USD strength on the FX market until at least 1Q, and SEK is the currency that should provide the most bang for the buck. Stops bellow 7.0000, and profit targets to start at 7.4000. RSI shows the support of the recent (December) rise of the dollar
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