Wudang Tao

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All right, everyone. Well, today was eventful a lot of currency pairs. At first I Forex trading techniquesthought the pound had a fairly tame day, but really we had some excellent moves here. You can see on a break below 5750, the market got down to 5650. Now, if you recall last night when I was talking about what we were lForex trading techniquesooking at with the pound, we were right about here. Not a lot going on that that time. I said we would have to look at the market and watch for a particular short. Of course, going short below this level here was the conservative move, but the market just never got there. You can see, though, that into the European session you had a very nice double top here along with the support level that did get broken, but if you were looking for a long trade and not really focused on the short side, it is perfectly acceptable to just not even look to get in short as the market is moving down.

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