We might see a gain in GBPUSD with a break of my RSI trendline in the 4hr chart and price in a DIP considering the relationship of price with Bollinger Band - we are at the lower band.
This is technically a LONG signal. We can take a long above 1.5950 for a 40-50 pips profit but stoploss should be tight for 50pips as this is a decision making point.
A rally is expected but she seems to be having problem breaking the psycological resistant at 1.6000. Let us see what happen.
James
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
Thursday, January 7, 2010
Monday, January 4, 2010
GBPUSD Intra-day rally expected
Welcoming you to a new year 2010 with an expected rally in GBPUSD for a 40-50pips profit. This is informed by the rising CCI from the Oversold zone,
with a 15min trendline break.
Please visit our trading plan page for new strategy good for intra-day trading for your use.
Please enjoy.
James
with a 15min trendline break.
Please visit our trading plan page for new strategy good for intra-day trading for your use.
Please enjoy.
James
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