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    Archive for March, 2008


    Mar 3rd 2008

    GBP/USD and GBP/JPY - March 3rd 2008

    3 Comments OptimusLH GBPJPY, GBPUSD, forex 4 months, 2 weeks ago

    GBP/USD

    Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.

    Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 - 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.

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