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16:17Forex Signals on GBP / USD on 09/04/2012
|GBP / USD pair is trading on the hourly chart as part of a neutral trend. The course is above the moving average with a period of 55 on the hourly chart, the level of 1.5865, thereby increasing prices.|
The signal for the opening of the long position will sample up to an hour of resistance at 1.5911 in order to increase the resistance 1.5944 and in case of breakdown up to an hour to 1.5981. Stoploss if this strategy can be positioned at the level of 1.5870.
The signal for the opening short position will sample up to an hour of support at 1.5839 to decline to the support at 1.5817-02 and in case of breakdown to 1.5767. Stoploss if this strategy can be positioned at the level of 1.5900.
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 you to open positions up to an hour in order to avoid false breakouts.
In the case of a strong movement in the breakout technical figures, I would recommend to wait for 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.
Alex Syedyshev, a portal "Forex Analysis" - signals, forecasts
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