FX Weekly Report

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Counter Trend Moves are Due
Tue, Aug 19 2008, 15:00 GMT
by Pierre Charlebois
Trading Metro



The USD has been strengthening unchallenged now for several
weeks. It appears that bottoms and tops are forming on most pairs and this
should now give way to counter-trend moves.
Expect some sort of capitulation to take place and wait for
trend-line breaks or good candle reversal patterns before taking any positions.
Waiting for reversals to be apparent should then yield good trading
opportunities.
Good trading,
Published on
Tue, Aug 19 2008, 15:04 GMT
Archive
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