The GBPUSD, having hit a strong daily timeframe trendline,
Monday, January 4, 2010
GBPUSD - DIP EXPECTED
Happy New Year!
The GBPUSD, having hit a strong daily timeframe trendline,
a dip is expected, even with the 1hr trendline break.
1hr MACD going below the waterline with the bearish divergence will further confirm the bearish bias.
Stoploss suitable at 1.62380 with an entry at the break of 1.60810. Take profit should be about 100pips, trailing every 50pips.
The GBPUSD, having hit a strong daily timeframe trendline,
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