Rabu, 14 April 2010

GBPUSD - Trade Setup

Update Friday 10:30am
1) RSI M15 was oversold
2) Expected to divergence and bounce
3) Then continue... below today S2 or even S3


GBPUSD M30 11:15am

1) There is "V" sign on top.. but price moving in small channel
2) Potential to break out upside channel and purple trendline..
3) But... I prefer to short... just attached Fibo Extension at "V" sign
4) Entry Short @ today pivot... with target S1-S2... extended S3


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