As expected, we have seen a lot of selling pressure coming in on thursday. Some people are saying that its due to low liquidity as many traders are still on holiday. However, I think that stocks and some currency pairs like GBPUSD, EURUSD and USDJPY were too high and were in for a reversal soon anyway.
I am going to look to sell these pairs and equity indices, like FTSE 100, on pullbacks to resistance. I will post the trades when I open them.
Happy trading and let's hope for much opportunity in 2014!
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