Thursday Feb 9
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Apr
15/10
Sell GBPUSD at 1.5437
Last Updated on Thursday, 15 April 2010 08:32
Written by Ross Mullins
Thursday, 15 April 2010 08:32

Trade posted to TAP at 8:46am ET. Sell GBPUSD at 1.5437. Several technical indicators are lining up here. Expecting a bounce back towards 1.5400. Break of the 1 hour trend line is the main confirmation backed up by a fib of the previous down run, historical resistance around the 1.5435/40 level and a Tunnel fib line. Targeting as close as possible to 1.5400 but will move to BE up 20/25 pips. Break of 5400 supports at 1.5380 then 1.5340.

GBP/USD Chart Picture

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This entry was posted on Thursday, April 15th, 2010 at 8:32 am and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


2 Comments
  1. CommentsJennifer   |  Friday, 16 April 2010 at 11:12 am

    I sold GBPUSD smaller lot size with my stop above high (1.5523) and held on to the short and closed out at 1.5380 spike down (tunnel). THX

    Have a Nice Weekend :-)

    I missed your AUDUSD sell earlier this week. That worked out well.

  2. CommentsRoss Mullins   |  Friday, 16 April 2010 at 2:56 pm

    Great Jennifer…..glad to hear you made some pips!


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