Main » 2012 » January » 11 » Sinaly Forex - intraday strategy on EUR / GBP 11/01/2012
11:14 Sinaly Forex - intraday strategy on EUR / GBP 11/01/2012 | |
| The pair EUR / GBP is trading on the hourly chart as part of a neutral trend. Rate is below the moving average with a period of 55 on the hourly chart (level 0.8256), 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 0.8264 in order to increase the resistance at 0.8287-91 and in case of breakdown up to an hour to 0.8311. Stoploss for this strategy can be positioned at the level of 0.8233. I recommend to open short positions after the breakdown of the results of hours of support at 0.8238 in order to further reduce to the support at 0.8218-14 in case of breakdown up to an hour to 0.8188. Stoploss for this strategy can be positioned at the level of 0.8270. 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 the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the 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. Analyst "Forex Analytics" Alex Sedyshev
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