Main » 2012 » January » 5 » Forex Signals - intraday strategy for GBP / USD 05/01/2012
17:14 Forex Signals - intraday strategy for GBP / USD 05/01/2012 | |
| GBP / USD pair is trading on the hourly chart within a downtrend. Rate is below the moving average with a period of 55 on the hourly chart, the level of 1.5625 thereby reducing prices. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.5639 in order to increase the resistance 1.5567 and in case of breakdown up to an hour to 1.5596. Stoploss for this strategy can be positioned at the level of 1.5500. I recommend to open short positions after the breakdown of the results of hours of support at 1.5507 to decline to the support at 1.5478 and in case of breakdown to 1.5444. Stoploss for this strategy can be positioned at the level of 1.5550. 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 a strong movement in the breakout 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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