Sunday, February 7, 2010

Trade the short

The trend should remain short. With the strength the Dollar is showing, I think it would be foolish to try and call bottoms or to look for what would be normal retracment zones. Retracements are likely to be shallower than normal. I would look to sell tops. Once the GBP breaks through 1.5415 we should see even more strength to the short side.

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