Friday, 22 February 2013

GBP/USD 22 FEBRUARY 2013



We have a B swing low in place, this is clear. We still looking for a retracement to the 618/786 where we will look for short trade setups. A fall from current levels will not initiate a short trade setup. No immediate setups here.

Will be going long if:
No long setups at present according to the system. Stand aside and wait for an entry to present itself.

Will be going short if:
No immediate short trade setups, we need a retracement up to the 618/786 for a short trade setup.

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