Tuesday, January 10, 2012

GBPUSD

Like the previous GBPCHF trade, the GBPUSD is now uptrend bias from my trading room. I will prefer a BUY at the moment, but its good to wait for a BUY Limit at 1.5444 to the next resistant level at 1.5540 and 1.5357 is good for stoploss. This should be low risk trading as the signal is coming from weekly and daily momentum. And I wont be placing the trade in Alpari(US) acct as it will expire in 5 days time. The Action and Reaction Support and Resistant lines below:

Regards.

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