Here is the forecast:
The Trade Plan
We´ll be looking for a possible after-news retracement trade. We need to wait for the release, then wait for the market to spike, and wait for decent retracement. This is the 3 “W”s of the Retracement Trading system. It´s especially important to make sure there is momentum during the spike before jumping in. For more information, read:
Definition of New Home Sales
Forex News Analysis For US New Home Sales 03/23/12
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