Thursday 16 June 2011

GBP/USD DAILY CHART 16 JUNE 2011


SNAPSHOT OF DAILY CHART
Note on the daily chart that we are at the BF786. This could be significant, IF we get a bullish setup on the 1hour chart it would be worth a long PT up to the 786 on the daily chart around 6550, a long way off.

This will be confirmed if we get a bullish cs formation on the daily chart anywhere between the BF786 and the B low. Trade this to the 786 by buying dips.

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