Forex wrote an interesting post today on
Here’s a quick excerpt
Forex Trade Alert for USD/CAD. Forex Trade Alert for Wednesday Aug 08, 2008. On Aug-08-2008 a candlestick formation confirmed a sell signal. ForexGenie Action: ==> Sell this currency pair gbp/usd 1.0385. Stop at 1.0600. Wave 3 could drop down to 1.0300 or to 1.0050. Monthly Pivots The [R3] or the most extreme high trading range is 1.0642. The [R2] or the extreme high trading range is 1.0458. The [R1] or the high trading range is 1.0344. The [P] or pivot point is 1.0160. The [

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