Wednesday, 13 March 2013

GBP/USD 13 MARCH 2013



Price once again dipped lower yesterday, moving our B yet again. Lets see if this becomes the B we have been waiting some time for. We have to wait for a retracement to the 618/786 for a short setup where we will be looking for resistance. Else reversals are on the cards on a sustained break of 5200.

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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