Last Thursday, we saw a sudden rally of GBPUSD, and we are now testing 2.0 handle. For trading purpose, I am looking at the possibility of riding the short term trend to around 2.02-ish level. Simple trend line breaking setup. Let’s see how it goes.
Here is the….. CHART!
[photopress:gbpusd20april2008_1.gif,full,1]
Here is the ….Trend score. We are still in the side way mode. So, risk of trading might be higher, but, as usual, it depends on how are you going to manage it. 🙂
[photopress:gbpusd20april2008_trend.jpg,full,1]
Nice blog. Thanks for your work on it.
I’ve recently created a completely free forex website which hopefully will be of use to you.
The purpose of this site is to show you how the forex market reacted in the minutes and hours after news was released. Patterns have emerged. For instance, if the USD Non Farm Payroll number is significantly better than expected, the USD will initially gain against the GBP and Euro in the minutes after the number is released, and then lose value shortly there after.
Nice blog. Thanks for your work on it.
I’ve recently created a completely free forex website which hopefully will be of use to you.
The purpose of this site is to show you how the forex market reacted in the minutes and hours after news was released. Patterns have emerged. For instance, if the USD Non Farm Payroll number is significantly better than expected, the USD will initially gain against the GBP and Euro in the minutes after the number is released, and then lose value shortly there after.