Spot Forex Trades

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EURGBP Momentum: OverBought!
Fri, Aug 29 2008, 05:25 GMT
by Anthony Samaha
ForexSurvivor
1 minute with ForexSurvivor
A. (29August Europe) Latest Impact: EURGBP Momentum: OverBought!
The breakout of EURGBP Weekly triangle, simulated with August monthly closing, tends to demolish any wide correction for September and the pair targets 8500. Daily Momentum is extremely overbought and once Friday is out of the way, you should allow a tumble next week to hunt Long Positions Stop Losses before up trend resumes. The 785000 is safe for a buy in September and initial target @ 8175 is what the market would digest with no problematic resistances.
B. Signal
GBPCHF: Short 20030; TP 30pips
Limit Order Valid till 29 August
C. Mission Accomplished:
N/A
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on
Fri, Aug 29 2008, 05:27 GMT
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