Main » 2011 » August » 23 » Forex Signals - intraday strategy for EUR / GBP 22/08/2011
11:21 Forex Signals - intraday strategy for EUR / GBP 22/08/2011 | |
| Pair EUR / GBP is trading on the hourly chart as part of a neutral trend. Rate is above the moving average with period 55 on the hourly chart (0.8717 level), thereby increasing prices in the short term. I recommend to open long positions after the break up hour resistance at 0.8728 in order to increase the resistance level at 0.8744 in the case of breakdown up to an hour to 0.8757. Stoploss for this strategy can be positioned at the level of 0.8703. I recommend to open short positions after the break up hour support at 0.8710 to further reduce to the support at 0.8695 in the case of breakdown up to an hour to 0.8681. Stoploss for this strategy can be positioned at the level of 0.8732. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of heavy traffic at the break of technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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