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what really worries me is that these periods of indecision after an upmove are sometimes followed by a big spike up through the resistance

That's exactly why I shorted. The previous high was 2 hours ago @ 1.3082. This upmove ended at a spike up to 1.3086 and right back down. Now we just wait an see.

Peter
 
That's exactly why I shorted. The previous high was 2 hours ago @ 1.3082. This upmove ended at a spike up to 1.3086 and right back down. Now we just wait an see.

Peter

ahh your playing the old failed spike card. I look at those but normally hope for a quicker move away,if i can ill take some off soon and do my +/- stop
 
everything looks all over the place to me, I think everyone is unwinding all their positions into the end of the year, closing short positions on Euro and gold by the looks of it...maybe the big boys don't want to be exposed to anything going into xmas and the fall out of the fiscal cliff!!

Heiken-Ashi candles look very strong on EU
 
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