Wednesday, February 3, 2010

GBPUSD - HIT A ROCK

As we know GBPUSD is in a major downtrend and since yesterday we've had nice retracement to the up side, so i noticed an overbought market in the 1hr timeframe and would like to take a short as a result for a 100pips. Stoploss should be at the region 1.6107. The various charts below, study them.




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