Wednesday, 6 April 2011

GBP/USD Analysis 2011-04-06

On daily chart, GU has already reached short term target. Thus we can take partial profit and let the balance lot ride the wave for some more profit target at Resistance 1. GU above Kumo, thinking only long trade.



On 4H chart, GU doesn't show she want to retreat at this moment. GU may wants to test Resistance 1 before continue bullish.


Trade Idea:
Look for long trade. No proper setup at this moment. Should wait for correction before entry.

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