Trade77; GBPUSD Channel Still In Play 7pm


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

First of all I want to apologize everyone for today’s poor updates because of my internet problems.
Cable is still fluctuating in the hourly channel that I mentioned some days ago:

Added to the beneath bond of the channel we have got hourly 200 sma that coincides with it and make it pretty stronger now.
Now price is bouncing around that area and I want to go long when I see a bullish hourly candle that closes completely above the trendline and 200sma and targets would be 1.5820 and then 1.5900.
In the other hand exactly when a bearish hourly candle closed below the 200sma I will go short and targets would be 1.5700, 1.5670 and 1.5650.

I highly recommend you to keep your positions tight as the market is too crazy this week. I had some losses on EURUSD and GBPCHF and have to note that losses are parts of our job and I’m prepared for it, take it easy and profits will be back soon.

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.

Regards

  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.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news