Posted by millionaire | Sunday, March 14, 2010 | | 0 comments »


gbp/usd update

previous post before fail to hit the target when the previous minor support 1.4860 hold and bouncing.currently price breakout minor resistance around 1.5200 but fail to establish above that level.

Next plan

i mark the chart with three level range,lower,middle and the top range

lower range=1.4785 to 1.5350
middle range=1.5350 to 1.5820
top range=1.5820 to 1.6070

A closing price above or below that range should confirm for the next price action.

plan resell around the middle range,entry: 1.5350 to 1.5820 zone

stop loss: 1.6100

target:open(will review next probably below 1.4500)

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