Main » 2010 » September » 21 » Forex Signals - Intraday Strategy for GBP / USD 21/09/10
16:41 Forex Signals - Intraday Strategy for GBP / USD 21/09/10 | |
| 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 1.5624, thereby reducing prices. I recommend to open long positions after the breakdown on the basis of hours of resistance at 1.5579 in order to increase the resistance 1.5612 and if it is the breakdown on the basis of hours to 1.5648. Stoploss if this strategy can be positioned at the level of 1.5526. I recommend to open short positions after the breakdown of the results of hours of support at 1.5504 to reduce to the support at 1.5479 level, and in case of breakdown of 1.5450. Stoploss if this strategy can be positioned at the level of 1.5550. 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. If a strong movement in the breakout technology figures, I would recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open a position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
| |
|
| |
| Total comments: 0 | |
Moscow Time
New York Time
London Time
Tokyo Time