Good evening,Ladies and Gentlemen,
Hope you'all having a lovely weekend...?
As at 10pm Nigerian time, we await the opening bells of the Asian Session in which the

GBPUSD(cable) closed on a bearish note last week Friday..Our stop loss was put at the recent

high of 1.6164,which was the most recent intermediate high..Price would have to breach that

resistance level, a few inches below the DRAGON FIST.. in order to confirm a bullish drive..

[11:11:38 31/10/08] Stalion : so we put a sell stop on gu @ 1.6100...1st target @

1.6045...2nd target @ 1.5975...sl@ 1.6185

Rumours of Bank Of Japan's(BOJ) intervention to sell Japanese yen in the markets so as to

reduce the value of the yen, might see it decline against major pairs..

Now where do we think GBPUSD is going? Up? Down? Sideways Consolidation?
Well, the last complete candle to the right was a bearish one...and the most recent

incomplete candle, in which price pierced the low of the last complete candle, also suggests

a bearish note...
But I could hear someone bluster..''But Stallion, isnt price at the 60% buy window?shouldnt

we expect price to go up, instead of down?
Well, from the way I see it, price should be ready to be retracing back up..but it met the

DRAGON FIST...If the market opens with a bearish gap today, there's a very good chance of it

reaching for our 3rd target point of 1.5922



1.6252-1.6033=0.0219
1.6141-0.0219=1.5922( 3rd target point)


Only time will tell if our trade call is correct...Remember dont try this at home...dont try

the DRAGON FIST at home...