Main » 2010 » May » 18 » Forex Signals - Intraday Strategy for EUR / GBP 18/05/10
09:53 Forex Signals - Intraday Strategy for EUR / GBP 18/05/10 | |
| Pair EUR / GBP is traded on the hourly chart within the downtrend with a probability of an upward move. The course is located below the moving average with period 55 per hour chart (the level of 0.8563), thereby reducing their prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 0.8564 in order to increase the resistance level at 0.8587 in the case of breakdown up to an hour to 0.8610. Stoploss if this strategy can be positioned at the level of 0.8535. I recommend the open short positions after a breakdown on the basis of hours support at 0.8539 with a view to further reducing the support level at 0.8519 in the case of breakdown up to an hour to 0.8495. Stoploss for this strategy can be positioned at the level of 0.8570. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open attitude towards breakdown. Analyst "Forex Analytics" Alex Sedyshev
| |
|
| |
| Total comments: 0 | |
Moscow Time
New York Time
London Time
Tokyo Time