The daily and the 4hr MACD trend is still bullish regardless the consolidations for over 16 hours.
Friday, January 15, 2010
GBPJPY - POSITIVE DIVERGENCE ON WEEKLY PIVOT
Good morning.
The daily and the 4hr MACD trend is still bullish regardless the consolidations for over 16 hours.
I expect a rally after a positive divergence on a major weekly resistant line. Having formed a swing high with MACD signal line turning BUY on the 15min chart below then i would suggest a buy at 149.01 for a 100pips with 100pips stoploss, trailing stop at 50pips profit may be suitable.
The daily and the 4hr MACD trend is still bullish regardless the consolidations for over 16 hours.
Monday, January 11, 2010
GBPUSD UPDATE
A good study of the 30min and 15min shows that the GBPUSD is trading in a rising wedge. With a break below as seen in the chart, a short could be good at 1.6110 for 30-50pips. This will further be confirmed with the CCI diving below the over bought 100level. Stoploss should not be more than 60pips
Enjoy
Enjoy
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