Tuesday, October 24, 2006

GBP-USD - Forex view...


Hello Traders,


GBP-USD

100 DMA - 1,8674

21 DMA - 1,8731

USD bulls have a big chances for SHS formation on a 4h and 1h chart, need to break and close below 100 DMA, which was tested today, after this test we saw strong bounce back above 1,8715,

but while prices are below 21 DMA, favor sell on a break todays low ( 1,8674 ) for minimum move 150 pips, sl above 1,8735...

Good Luck Good Trade
Piotr

p.s.
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