Daily Outlook
This report has been deactivated

0

0
GBP/USD
Fri, Apr 17 2009, 09:33 GMT
by Dimo Dimov
Karoll
I assume the rise started from 1.3503 as a flat correction which has probably finished yesterday at 1.5065. Wave C of this correction developed as a terminal impulse (ending diagonal) and if this is the case we should see a sharp sell off for a low below 1.3503 in coming month and a half. A fall below 1.4600 (the low of the potential wave 4 of C) will be a confirmation for my idea. A key resistance is 1.5000. With an eye on these extremely bearish expectations I entered a short position yesterday.
Trading strategy: 05:14 EST; 10:14 GMT
Short position from 1.4878, stop loss - 1.5000, target - open

Published on
Fri, Apr 17 2009, 09:36 GMT
Archive
- EUR/USD
Published On Fri, Jul 10 2009, 08:23 GMT
- EUR/GBP
Published On Wed, Jul 8 2009, 12:29 GMT
- EUR/USD
Published On Fri, Jul 3 2009, 10:32 GMT
- USD/JPY
Published On Wed, Jul 1 2009, 07:55 GMT
- GBP/USD
Published On Thu, Jun 25 2009, 14:12 GMT
[ View All ]
Karoll Financial House
| 57 Hristo Botev Blvd., 1303 Sofia
http://www.karoll.net/ | office@karoll.net
Legal disclaimer and risk disclosure
This analysis has only informational and educational purpose and does not represent a trade proposal.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.