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Forex Video | Set ups 21 Aug '08 | Analysis
Hi Folks,
Just a short video today... not a great deal of change to the slightly larger picture on he USD cross rates and for that matter on some of the other cross rates as well.
We saw some early movements this am but in the big picture the usd rates are still range bound as well as some of the other cross rates like GBPCHF
ATR's have been done quite early today so looking for Fib set ups to enter into these movements if they set up.
Have a good days trading
Phil
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EUR & GBP expected to swing and firm up...
As expected there was a wide range swing yesterday and finally EURO and GBP firmed up.Today they are expected to dip less and firm up more.Dips are buy opportunities.
But the market may appear that EURO and GBP may drop more.What appears in the market is not true.
Big players are buying every selling of the traders.They also make circular trades to dip quickly and hit the stops of the long holders and then firm up.Today they are not expected to give profit booking opportunities to the lower level short sellers.
We will watch the market and understand how they handle the levels and create the panicness and uncertanities to the traders and try to grab their money.
Regards
quote - Dr.Sivaraman