Tuesday, 19 March 2013

GBP/USD 19 MARCH 2013



Price is sideways on this pair as can be seen. We are still holding up at the 86, another test thereof followed by a bearish cs formation will drive price lower, else a sustained break of 5200 will offer us a reversal on this time frame.

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

Will be going short if:
Price tested the 86 and fell a bit, we are looking for another test followed by another clear bearish cs formation for a short trade. Else stand aside.

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