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Forex Trading Signals Indicate 3 Counter-Trend Buying Opportunities

Friday, 24 October 2008 01:18:20 GMT

Written by DailyFX Research

In the past hour our Forex Buy/Sell Automated Trading Signals indicated 3 counter-trend buying opportunities. The “Range 2” indicator which operates with 70% accuracy and averages 19.66 pips of profit per trade suggests a EURJPY buy order. The “Range 1” indicator, geared towards long term trading, suggests buying opportunities for both CHFJPY and GBPJPY with trailing stops placed at 82.03 and 154.76 respectively. Since being entered GBPJPY has continued to trade downward roughly 125 pips offering a potential discount to the buyer.

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See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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