Main » 2010 » September » 2 » Forex Signals - Intraday Strategy for GBP / USD 02/09/10
16:10 Forex Signals - Intraday Strategy for GBP / USD 02/09/10 | |
| Pair GBP / USD is traded on the hourly chart within the downtrend. The course is located below the moving average with period 55 on the hourly chart, the level of 1.5415, thereby reducing prices. I recommend to open long positions after the breakdown on the basis of hours of resistance at 1.5450 in order to increase the resistance 1.5473-81 and if it is the breakdown on the basis of hours to 1.5511-30. Stoploss if this strategy can be positioned at the level of 1.5405. I recommend to open short positions after the breakdown on the basis of hours of support at 1.5382 with a view to reducing the support level at 1.5357 in the case of breakdown of 1.5334-26. Stoploss if this strategy can be positioned at the level of 1.5430. Given that the moving average and the location of the technical boundaries of figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts. In the case of heavy traffic during the breakthrough 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 position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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