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Chart of the moment $GBPUSD 27-Oct-2009

by Gav Leave a Comment

To me, the Cable buying during last session did not change the trend. Instead, I thought there might another opportunity for SHORTs? This is a text book pattern. Nothing fancy, let’s see how it works out. If the the breakout of the pattern realized, I am revising the downside target to around 1.6-ish, still in the zone support zone as mentioned in my last post.

What do you think?

Here is the …. CHART!

GBPUSD_4hr_27Oct2009

Some technical statistics

GBPUSD_4hr_27Oct2009_trend

About this tool

Filed Under: Chart of the moment, Trading Journal Tagged With: FX, GBPUSD, Trading Journal

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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