Monday September 6, 2004 - 01:37:13 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected consolidate at lower levels and reverse ......
other majors will dip and consolidate at lower levels and firm up - the next trap move of the operators..... buy during stop hunt quick dip near the low set for the day in other majors and aim to book profit during quick rise as swing trade till Mid September.........
Currency buy sell Stop/Adv. hedge
EURO/USD 1.1983- 1.2012 1.2172 - 1.2278 1.1887
GBP/USD 1.7734- 1.7751 1.8036- 1.8247 1.7687
Previous session moves and indications: the operators are expected to make wild either way moves for the week end and finally correct other majors to buy from distress sellers.....THEY DID IT...
now the lower level consolidations with brief lower level stop hunts and a quick rise to trap the lower level short sellers will happen ....TRADE ALONG WITH THE OPERATORS AND NOT WITH THE HERD TO MAKE MONEY FROM THE MARKET...
Understanding the operators intention alone can make us to win in this game of forex trading....... the forecast gives the signals much in advance for you to understand the operators intention....
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