No Bullshit Forex Blog, A Part of No Bullshit Network

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.

Read the full post of GBP/USD and GBP/JPY - March 3rd 2008

Share This

Hello,

Here are my thoughts for today. No explanations or charts this time, just simple ’signals’.

AUD/USD (0.8915)

Trend: Downward

Take profit target at 0.8775

Stop loss (and reverse position) at 0.8990

GBP/USD (2.0442)

Trend: Uptrend

Take profit target at 2.0600

Stop loss (and reverse position) at 2.0370

Regards,
Dan
Life Holdings Management

Read the full post of Dan’s Forex Market View - 19 Oct 2007

Share This

Hello,

Just a quick look at 3 currency pairs. I hope you will find my technical analysis observations useful.

Don’t forget to keep your trading system simple, it will work better!

Regards,
Dan
Life Holdings Management

Popularity: 24% [?]

Share This