reasons for this trade are the same like in the previous. Yes, we were proven wrong on timing of this trade (evidently), but we still believe that we have correnct prediction. We call for rebound, (rather than rise) of the Euro. During next week and maybe untill the end of the month, we should hit our targets. Yes, we looked at US employment data, and we don't believe that 200k on jobs report is a game changer.
On the technical side, just look at the Slow Stochastic.
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
Friday, January 6, 2012
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