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Friday, July 6, 2007

NFP tonight



With the realease of NFP data tonight, if GU top still not complete by this evening, then i will expect the NFP data will be bad news for dollar and cable will complete the 5th wave and create new top.

If the top is already in place, then i will expect to see price going down to create wava A

Trading Idea:
Straddling The H4 candle. TP 50~70 pips
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