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Thursday, May 27, 2010
Fcpo wrap....opposite direction in PM...late selling again
Despite +ve environment, fcpo failed to sustain early gains but instead retreated in late hours again like in the past two days. Maybe stronger RM or weak export estimates due Mon or kwailow selling.
Mkt remains all the same, neutral range without a clear direction but dwward bias within a descending triangle. For the week, mkt is dw 34.
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*20121031 - Wednesday*
GBP/USD reversed from the previous Short setup, forming the long
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Long at 1.6082, Stop Loss at 1.6010, 1st Target 1.6...
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