Tuesday, 12 March 2013

GBP/USD 12 MARCH 2013



Price dipped slightly lower yesterday giving us a new B low, but we’ll keep the A high where it is. We seem to be testing the low at present. We have no trade setups at present, we remain side-lined. If price drops lower then we will again have a new B to look out for.

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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