Believe GU will make a pullback before continuing it bullish trend. Refer 1H chart.
Trade Idea : Contrarian traders may want to take some profit by entering short with SL while waiting for entering long at 50% Fibonacci.
Happy trading.
Thursday, 26 May 2011
GBP/USD Analysis 2011-05-26
GU already made in bullish reversal at Daily time frame (TF). As long term bullish trend still intact, we may see a continuation of bullish trend.
Believe GU will make a pullback before continuing it bullish trend. Refer 1H chart.
Trade Idea : Contrarian traders may want to take some profit by entering short with SL while waiting for entering long at 50% Fibonacci.
Happy trading.
Believe GU will make a pullback before continuing it bullish trend. Refer 1H chart.
Trade Idea : Contrarian traders may want to take some profit by entering short with SL while waiting for entering long at 50% Fibonacci.
Happy trading.
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Sell entry got stop loss. Loss 36 pips. As GU continue bullish, entry for long using fibo 50% also changed accordingly.
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