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Monday, 23 May 2016

FOREX REVIEW on GDPUSD & EUR/USD

GDP/USD

I wrote about selling this few days ago. We actually saw a little fall in the trade as expected. Now we should expect a  fall that should start mid-week next week.

I am expecting that you will study this trade very well and look out for opportunities next week.
we should also wait for the stochastic to go over bought.



At the Point of the Hammer, we would have thought that this trade would run Northward. It actually did, but eventually came back downwards. Please kindly check from point one to point two as indicated


http://wealthyfriendsgroup.blogspot.com.ng/p/lara-owolabi-allen-it-was-something-i.html



Again, we should expect that market will move south. but this will not be immediate. We should be looking at mid or late next week


EUR/USD

Once the trade breaks the upper trend-line, we should expect a run upwards/northwards. If you like to take the risk, you may, but its more risky. Why not wait for the trend to break upwards first

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