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Intraday commentary on patterns

GBPUSD Bullish Harami Hourly Chart

Mon, Nov 19 2012, 09:07 GMT
by Mark De La Paz | FX Instructor

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Resistance: 1.5909 minor/1.5939 minor

Support: 1.5888 moderate/1.5858 strong/1.5836 moderate

Market is generally bullish with Bullish Harami suggesting a further push up. Considering that Bullish Harami is a low level pattern look for a confimration of the bullish setup before going long. The immediate objective for any buy is 1.5909 break of which suggests a run in the market, possibly a move for 1.5939. Put a stop loss under 1.5888.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices

Published On Mon, Nov 19 2012, 09:10 GMT Previous entries

Mark De La Paz

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Mark's interest in financial markets has been an ongoing affair, starting from college, where he dabbled in the local equity markets with his college fund. Finishing his BA in Public Administration, Mark remained passionate about trading, and started out working in the niche brokerage business among bank traders.

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Intraday commentary on patterns

GBPUSD Bullish Harami Hourly Chart

Daily Live Trading Room

Mark De La Paz

Also Read

Legal disclaimer and risk disclosure

Tracing the Debt Crisis

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