Thursday, August 5, 2010

GBPUSD - MAY BUY

15min MACD positive divergence and a break above my UPPER range Line with the 4hr BUY PRessure I will prefer a buy. So a low risk BUY at 1.5921 for 60pips and a 50pips SL will do.

GBP/USD - LOW RISK BUY

GBPUSD Broke my upper RANGE line and i can see a positive divergence on my 15min MACD, so I want to consider a low risk BUY from 1.5921 till 1.5971 stop loss at the lower range. My Chart Below:

Tuesday, August 3, 2010

AUDUSD - BUY PRESSURE (POSSIBILITY)

The AUD in a range bound market for about 48 hours now and since my 4hrs and Daily pressure is BUY a break of my range at 0.9135, I will consider a BUY trade for about 50-100pips

GBPJPY MAY BE SET FOR A SELL





The 15min chart shows that the GBPJPY has been in a range bound for over 8 hours now and been able to spot the range (137.64 to 136.95), THe 4hr charge set of a SELL PRESSURE and I can see negative divergence on 15min chart. So a close below the lower range MAY lead to a sell for about 80pips and stoploss should not be more than 80pips.