indicator can confirm a trend change
In simple terms when consensus is over 80%, then the price is too bullish. When consensus is below 20%, then the price is too bullish - and the trend change is due.
After seeing this indicator can confirm a trend change is due to viewing the Net Traders positions published bi weekly from CFTC. It refers to the futures markets - but in place currency movements tend to mirror the set ups.
Wednesday, April 27, 2011
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