Main » 2010 » May » 17 » Forex Signals - Intraday Strategy for GBP / USD 17/05/10
15:47 Forex Signals - Intraday Strategy for GBP / USD 17/05/10 | |
| Pair GBP / USD is traded on the hourly chart in the uptrend. The course is located below the moving average speriodom 55 per hour chart, the level 1.4606, thereby reducing their prices. I recommend to open long positions in position after the breakdown of up to an hour of resistance at 1.4449 in order to increase resistance and 1.4491 in case of breakdown up to an hour to 1.4538. Stoploss if this strategy can be positioned at the level of 1.4380. I recommend to open short positions after the breakdown on the basis of hours of support at 1.4364 to reduce the level of support at 1.4329 and if it is the breakdown of 1.4288. Stoploss if this strategy can be positioned at the level of 1.4428. 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 to open positions up to an hour 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 position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev | |
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