Main » 2010 » May » 24 » Forex Signals - Intraday strategy on EUR / GBP 24/05/10
09:52 Forex Signals - Intraday strategy on EUR / GBP 24/05/10 | |
| Pair EUR / GBP is traded on the hourly chart within the downtrend. The course is located below the moving average with period 55 per hour chart (the level of 0.8672), thereby reducing their prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 0.8689 in order to increase the resistance level at 0.8710 in the case of breakdown up to an hour to 0.8732. Stoploss if this strategy can be positioned at the level of 0.8665. I recommend to open short positions after a breakdown on the basis of hours support at 0.8625 with a view to further reducing the support level at 0.8606 in the case of breakdown up to an hour to 0.8587. Stoploss if this strategy can be positioned at the level of 0.8650. Given that the moving average and the location of boundaries of technical figures over time is moving, should be on the hourly chart to adjust their status. I also recommend the open positions on the basis of hours to avoid false breakouts. In case of heavy traffic during the breakthrough technical figures, 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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