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Dynamic Trader Blog - Forex Chart Pattern Signals

Friday, September 01, 2006

Sell the Rallies

Remember to sell the rallies. The Euro dropped yesterday just below 0.786 fib. If you had sold then you have made a good profit.
The Yen had also dropped only to climb back up again so if you had taken profit at exactly 0.382 fib you should will not doubt be having a good weekend. Take a fib reversal on the Yen and look for a short with minimum risk level based on stop just above 100%.

Im away until Tuesday now but will try to post for Monday.

Have a good weekend.