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Both the daily Stochastic and the MACD continue to rise, so I hang on to my longs on the short term. Please note the ADX has now fallen below 20's, so this cycle could be one of those very short lived one. You should be prepared to take profit swiftly. I would suggest you should place stop a few pips below 2 day or yesterday lows' and take note that 2,600 could be a strong resistance.
The weekly chart's Stochastic is turning around upward but still remain negative and the MACD is still negative. The ADX is below its 20's signal line and the Bollinger Band continues to tighten. These 2 indications are telling us that there is no trend in this market at this moment, but something BIG may be forthcoming soon.
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