|
New signals service! |
|
|||||||
| Register in Forex TSD! | |
|
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information |
|
 |
|
|
LinkBack | Thread Tools | Display Modes |
12-04-2007, 08:09 AM
|
||||
|
||||
|
GBP/USD heading to 1.96?
In this monthly chart you can see that the GBP reached the all time high a few weeks ago and then regressed back down a little. It looks like it is time for reversal. Notice the Fibonacci retracements. The 38.2 level is at around 1.96 which is also the resistance line at 2004-05. Notice that the RSI went above 70 and is now under which is a good sign for reversal (Just like it happened twice in 2004). Now it will probably take a few months to happen but I think traders should keep an eye out for it.
gbp.gif
__________________
Submit & vote for the best Forex news and content.     
|
|
12-19-2007, 04:11 PM
|
||||
|
||||
|
already broke the 2.0000 barier
GBP/USD at 1.9944! OK, I didn't expect it to happen so fast but it is getting there. 1.96 COMING SOON
__________________
Submit & vote for the best Forex news and content.
|
|
12-26-2007, 08:48 AM
|
||||
|
||||
Well... at least it's a demo account
Well... at least it's a demo account. Imagine loosing real money like that?
__________________
Submit & vote for the best Forex news and content.
|
|
01-10-2008, 04:49 PM
|
||||
|
||||
|
Bingo!!!
Under 1.96! I guess there is something to tehnical trading after all...
__________________
Submit & vote for the best Forex news and content.
|
|
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|
good for you - logical analysis
Linear Mode
