Tuesday, 19 April 2011

GBP/USD Analysis 2001-04-19

Daily Chart:GU still bullish and currently in retracement. Believe GU to continue bullish once break the downtrend channel.


4H Chart: GU stay flat and in no trade zone (neutral). Trader should wait GU to close above Kumo before entering new long position.


Trade Idea:
Enter long trade once GU close above Kumo and break channel trend line.

Happy trading.

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