This blog is created to show market analysis based on our Power Trend Strategy. The strategy was designed with intra-day traders and part-time traders in mind. I will do all it takes to make it simple and explicit as possible. PLEASE REVIEW THE FIRST POST (Risk Warning)! Please enjoy. TRADE ALERT HERE: http://bondfx-tradealert.blogspot.com
Monday, November 30, 2009
GBP/USD and EUR/USD - INTRA-DAY TREND MAY TURN DOWN
About few minutes ago i noticed my intraday bollinger band is turning down with my trendline break to confirm it. ADX strength is needed in the 15min time frame if the DIP will be successful.
However i expect a dip by the break of 1.5022 for a 40-50pips profit, stoploss not more than 60pips.
THe GBPUSD seems to have the same pattern with EUR today, same dip expected at 1.6470 for a 40-50pips, stoploss should not be more than 60pips
Enjoy.
James
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