Monday, January 12, 2009

GBP/USD:15 min




I have to admit, that I am not the best export on head and shoulders, but this one is very simple, the second I look't at the GBP/USD 15 min chart I spotted this head and shoulder and if the rules is applied here, the target will be lower than 1.5000.

i will start taking profit on my short USD/JPY at 89.00.

Updated: monday morning.
On the longer term charts, if support holds on the EURO at 1.3100 then we can expect it to break 1.4000, and on GBP/USD after sharp moves we can expect it to go above 1.5500.
have a nice day.

6 comments:

Ben said...

Hi !

I closed my gbp shorts with profit this morning.

I went long eur-jpy at 120,30

naftula said...

hello ben,

The EUR/CHF 1 hour, is in a triangle, and we just reached the top of the triangle and falling.

USD/JPY is Making a nice move.

RK said...

Ben

Are u looking to short GB/JP or should we still wait.

Ben said...

Naftula, did you take a short on EUR-CHF ?
If yes, great trade man !

RK, i was thinking about shorting, but ddin't...it's too late now. Will wait to go long soon... I'll let you know when i tae a long, probably tomorrow.

naftula said...

ben,
yes, i was short, toke a bit profit, but i am still short.

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