Wednesday, April 4, 2012

GBPUSD - trading recommendation. Technical analysis (H4)

GBPUSD - H4 chart

The rate hit the support level at 1.5865 and the minor uptrend line. It seems that the most probable scenario for upcoming hours is breaking over 1.5900 and upward movement towards 1.5950.
But if the rate closes below 1.5865, open short trade with 1.5830 and 1.5805 as targets.

GBPUSD - H4 chart

Trade recommendation:


Buy after closing above 1.5900

Take profit level:
Target : 1.5950


Sell after closing below 1.5865
Take profit level:
Target 1 : 1.5830
Target 2 : 1.5805

0 Comments:

Post a Comment