Monday, 11 March 2013

GBP/USD 11 MARCH 2013



Price fell on Friday to the 118 D extension where we seemed to have found support. We now have to wait for a B swing low to form, followed by a retracement. No trade setups at present.

Will be going long if:
No trade setups, we don’t have any criteria in place.

Will be going short if:
We are waiting for a retracement, no trade setups at present.

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