My views on future trades, past trades, the market and lessons learnt

Wednesday, May 14, 2008

selloff underway? forex trade calls carry pairs.

If we look at ABC patterns, trendlines, and stochastics on all charts we see a very strong likelihood of a selloff starting very soon if it’s not underway right now.  Most pairs have a zigzag formation nearly completed and they are coming up to a resistance trendline.  Multi time frame stochastics are rolling over suggesting momentum has slowed on more than one time frame.

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