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Showing posts from July, 2011

Forex-Swing-Trading-GBP/USD

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This is the 1year Daily Chart for GBP/USD
The market is down trending and approaching the 50% Fibonacci Retracement. I will be placing a pending Sell Swing Trade order at the 50% Fib at 15754.

Live-Forex-Day Trading-EUR/USD

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This is the 2Day 5Min Chart for EUR/USD
Today is independence day in USA and the markets are closed in USA. The markets tend to trend sideways during public holidays.
The market is currently trending sideways. A pending SELL order has been placed just below the Pivot point at 14503.