Friday, 19 February 2010

FOREX Trading Review Video 17 FEB 10 GBP/USD +391 pips

GBP/USD short trade based on the 5th wave & MACD showing strong downward momentum:
-4H showing lack of conviction to the upside
-4H channel resistance line together with doji formations.
- Price has found strong resistance off the 50% retracement level.
- 1H chart showing confirmation with a lower high.

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