Main » 2010 » July » 28 » orex Signals - Intraday strategy GBP / USD 28/07/10
15:58 orex Signals - Intraday strategy GBP / USD 28/07/10 | |
| Pair GBP / USD is traded on the hourly chart within the downtrend with a probability of an upward move. The course is located above the moving average with period 55 on the hourly chart, the level of 1.5539, thereby increasing prices. I recommend to open long positions after the breakdown on the basis of hours of resistance at 1.5609 in order to increase the resistance 1.5640 and if it is the breakdown on the basis of hours to 1.5664. Stoploss if this strategy can be positioned at the level of 1.5550. I recommend to open short positions after the breakdown on the basis of hours of support at 1.5518 to reduce the level of support at 1.5484 and if it is the breakdown of 1.5442. Stoploss if this strategy can be positioned at the level of 1.5565. Given that the moving average and the location of boundaries of technical figures over time moves must be on the time schedule 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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