Has anyone noticed of the dailyfx headlines. Are they serving up as contrary indicators?
1. When the USD/CAD was trading in the 1.09 range they said that 80% of traders are long on this pair. And look where the pair is now
2. When GBP/JPY was in the 239 range the article said "GBP/JPY major top in place" and look it is past the top
3. Last week their article said USD/JPY may turn lower this week and it surged to 122
You donot have to look elsewhere than the brokers for contrary opinions.
1. When the USD/CAD was trading in the 1.09 range they said that 80% of traders are long on this pair. And look where the pair is now
2. When GBP/JPY was in the 239 range the article said "GBP/JPY major top in place" and look it is past the top
3. Last week their article said USD/JPY may turn lower this week and it surged to 122
You donot have to look elsewhere than the brokers for contrary opinions.