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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