Friday, 15 April 2011

GBP/USD Analysis 2011-04-15

Another day of trading range at the time of writing this article. As buy stop was triggered yesterday, decided to stick with current open trade until SL triggered at 1.6310.

H&S pattern still can be seen as incomplete pattern. Suggest the H&S pattern complete it formation once KS cross TS and GU close below KS at 4H chart.


Trade Idea:
To those who still not making any entry, another 2 alternative of trading strategy;
1- At 4H TF, traders may want to enter long when price close above 1.6375 as H&S maybe fail to complete it pattern.
2- At 1H TF, traders may want to enter short when price close below 1.6300 as H&S maybe complete it formation.

Happy trading.

1 comment:

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