Dollar got ahead of itself on Wed. There will be significantpullback by the time trading comes back to US. There are two profitabletrades to be made: first will be LONG currencies off of new big lows inAsia. Second will be reversing to SHORT currencies during US session.Both trades re-iterate the theme, that when participants are confused -you can profit from trading ranges. That is as long as you realize thedynamics in place... The reason participantsare currently confused, is that they are not sure: which direction isthe trend? The big picture does not[...]
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[Source: The Money Blogs]
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