Tuesday, January 24, 2012

2 New positions for the week

Starting the week with 2 short entry stops.  One has been triggered.  While the other one is still waiting for entry.

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We are looking for a continuous downward movement for the AUDNZD and a market reversal for the GBPUSD.   Momentum indicators for both in the longer time frame are showing a recently finished bearish cross.  Lower timeframe momentum showing bullish.  There would probably be sideways to downward movement in the next few days.

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