This market has been in a very strong up trend, but has also recently failed to make a new high. Now it's correcting, breaking the bull trend line, likely retracing by 38.2%, 50%, 61.8% or more. We never know for sure how deep the correction is going to be, so it is advisable to wait for the correction to die out, before going long again. The USD is still the strongest currency, while the JPY is weak.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
