GBP/USD – British Pound Dollar
Short term (Intraday)
1,6267. GBPUSD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBPUSD. The downtrend should continue to gather momentum.
We could take a short position at 1,6270. We will put the stop loss above 1,6420 (-150 pips). The targets are 1,6050 (+220 pips, risk/reward 1:1.5), 1,5800 (+470 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances 1,6400 – 1,6660
Supports 1,6230 – 1,6050
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October 22nd, 2008 at 9:52 am
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October 22nd, 2008 at 10:06 am
[...] [Technorati] Tag results for forex wrote an interesting post today onHere’s a quick excerpt Short term (Intraday) 1,6267. GBPUSD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBPUSD. The downtrend should continue to gather momentum. We could take a short position at 1,6270. We will put the stop loss above 1,6420 (-150 pips). The targets are 1,6050 (+22 [...]
October 22nd, 2008 at 10:12 am
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October 22nd, 2008 at 10:25 am
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October 22nd, 2008 at 10:45 am
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October 22nd, 2008 at 10:55 am
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