Wednesday, 18 May 2011

GBP/USD Analysis 2011-05-17

GU long term is in bullish channel trendline. Trader may want to make entry according to long term trend.


Trade Idea : As GU touching the Kumo at daily TF, she may wants to make a rebound. Put pending buy order above recent peak at 1H TF or wait GU breaks and above KS at 4H TF. Don't forget to put SL in case GU wants to continue bearish.

Happy trading.

1 comment:

  1. My buy stop not yet trigger. As resistance look strong, I would like to differ my entry position. Refer my next entry.

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