GBP/USD Responds to Fibonacci; 1.5280 Now Key Near Term

| 22 maj, 2013 | 0 kommentarer

4Hour

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Responds to Fibonacci; 1.5280 Now Key Near Term

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: While recognizing the potential for a drop below 1.5112 to complete impulses from 1.5180 and even 1.5606, the current level is viewed as a high risk area for shorts. Support at the current level is defined by the 61.8% retracement of the rally from 1.4830 and 3/20 large volume day (CME) close.

FOREX Trading Strategy: Short triggered at 1.5315 on Thursday, stop on that is moved to 1.5285, target half at 1.5130 was hit. If taken out at 1.5285 then will look for a top between 1.5320 and 1.5385.

LEVELS: 1.5127 1.5157 1.5217 1.5290 1.5321 1.5384

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *