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The Dilemma of GBP
Mon, Aug 24 2009, 04:47 GMT
by Anthony Samaha
ForexSurvivor
1 minute with ForexSurvivor
(24 August Europe) Latest Impact: The Dilemma of GBP
GBPUSD in dilemma: the month started performing a lower low and lower high on a weekly basis; the daily analysis of last week implies a higher high and higher low. The phenomenon is translated to a pattern of squeezing wedge parameter 16650 – 16450 that should break to the downside. A close below 16450 identifies the next downtrend toward 16100, yet this may sound like a false statement because of the New High Global Equity that has attained on Friday. It is worth attempting though the bearish concept if the daily close is triggered and if you are an aggressive trader, setting stop above last week high 16630.
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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.
Published on
Mon, Aug 24 2009, 04:48 GMT
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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.
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