GBP/USD Outside Day Reversal at Range Highs

| 25 november, 2013 | 0 kommentarer

Daily

eliottWaves_gbp-usd_body_Picture_9.png, GBP/USD Outside Day Reversal at Range Highs

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

GBPUSD formed an outside day reversal near multi-month range highs. The combination is enough to take a bearish stance against Monday’s high.

-Near term resistance is 1.6175/85.

Trading Strategy: “1.6160-1.6200 is big resistance. I’ll be watching the market closely if that level is reached for a short setup.” The outside day is enough for me to turn bearish. Order to short at 1.6175, stop 1.6250, target half at 1.5907.

LEVELS: 1.6006 1.6071 1.6107 | 1.6177 1.6215 1.6259

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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 *