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Following the moves we saw yesterday, the markets appear to be rather stretched but still look very bearish.
GBP & EUR pairs are trading just below the 60 minute 20 and DP. Although it's tempting to short at market, I will be looking for a texbook 15 minute continuation cross. At the moment, there is no indication of cross but let's keep an eye on it. AUDUSD & AUDJPY however have a cross above DP. I will be looking for the next 15 minute continuation cross south, through DP for a short entry. |
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