As we can clearly see in the chart below the index of the Greek stock exchange has already formed three consecutive lower highs and lower lows (we need at least two in order to define a downtrend). This is a high probability indication that the index will be in a short term downtrend. Under these […]
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Short selling signal in EUR/JPY on 12-Feb
Notice the negative divergence of the RSI(14) on the daily EUR/JPY. Possible new downtrend from that point. Entry today 12-Feb-2013 with stop above the last red candlestick.
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