Trade77, 22nd Nov. Intraday



Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

GBPUSD has reached an important level in the four hour chart, you can see it here:

Green trendline now acts as a support line and I expect a bounce here before falling more.
So you can take profit some of your shorts here. I will look carefully at the current hourly candle, if it closed below 1.5929 then I won’t go long but if it bounced off that trendline I will go long with a tight stop.

CADJPY is the same as GBPUSD and it bounced off the hourly trendline.

I’m currently short these two pairs but I took some profit here and I will wait for a good confirmation to go long here.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Great Thanks

  Copyright secured by Digiprove © 2010

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news