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GBP/USD Perfect 50% Retracement off NFP GBP/USD Perfect 50% Retracement off NFP
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Technical Analysis Discuss the merits and downfalls of using technical data methods to assist trading

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Old 06-06-2008, 02:10 PM   #1 (permalink)
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Default GBP/USD Perfect 50% Retracement off NFP
Fib retracements can work particularly well in periods of increased volatility - such as we saw this morning with the Employment Report. The following is a classic example - GBP/USD retraces to 50% of the initial upmove after the numbers came out - entering long at the 50% level something of a 'gimme trade' IMO

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