GBPUSD Monday Trade Setup
Zooming out to a weekly chart for levels of weekly S&R, I´m interested to buy and am looking for a spike down to 1,58320 - 1,58400 for a double bottom. Alt plan, looking to sell on a clear break of this level and pullback acting as resistance.
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Comment by talisman on January 20, 2013 at 6:19pm
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thats my plan too so we must b right if theres two of us , i would need to see a bit of a move up from the bottom before i take the plunge
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Comment by genxtrader on January 20, 2013 at 8:34pm -
im looking at very similar trade plan
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Comment by TONY on January 20, 2013 at 11:13pm -
Excellent post, Abdul. I am just interested in knowing at what level you would be assured that 1.5832-40 support is clearly broken ? Thanks :)
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Comment by john vincent on January 21, 2013 at 12:35pm
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Yep, looks like this double low is working out ; now 1.5880 @ 12.35GMT . Good call Abdul
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i did not get the structure i like to see so did not enter, im curious if anyone else did.
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