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Originally Posted by golhuntsleep
Sorry, I don't see any of those to be reversal of long term trends...I do see it as a correction. 1 or 2 announcements do not make the currency turn in the long term, it is a series of events and announcements...so if your predicting long term trend reversal, you'd either need a GOOD elliot wave count or pile on a BUNCH of economic announcements with a couple world events to mix in......
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Sorry I didn't know how long term you trade, otherwise I would have refrain from posting my MID-TERM Prediction, you read my post wrong in the first place, let me post it once again:
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Hello,
US Dollar weakness seems to be over by Friday on Non-farm payrolls. I expect the market to have its last blow on the announcement of the news, which I expect to be the last high on EURUSD, GBPUSD and other USD pairs,
at least for mid-term.
I therefore, think that it would be the best time to buy USD on mid term basis.
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