FX Calendar

Monday, November 16, 2009

Approaching their highs (1 of 2)

What to do in a market which is relentlessly going up?
Plan to sell!

These charts are at or approaching their 52 week or 2 year or all-time high. What happens when the prices reach a previous high? Prices can move further high or may decline (or may consolidate). More often than not, markets have memory. The market tends to respect the previous high price level and the pullback is more probable at that level.
















































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