Archive for February, 2010
Trade Idea: GBP/USD – Sell At 1.6060
By Actionforex
GBP/USD – 1.6021
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.5968
Kijun-Sen level : 1.6063
Ichimoku cloud top : 1.6268
Ichimoku cloud bottom : 1.6178
Original strategy
Sell at 1.6060, Target: 1.5860, Stop: 1.6105
New strategy
Sell at 1.6060, Target: 1.5860, Stop: 1.6125
Although the British pound has continued to edge higher after rebounding from 1.5850 (this week’s low) and correction of recent decline to 1.6063/64 (current level [...]
More on this topic
(What's this?)
Using COT data to spot potential big moves
(The Essentials of Trading, 10/24/09)
Down with the Pound
(The Wikinvest Daily Angle, 2/1/10)
