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GBPAUD Bullish Stance, eh! When?
Fri, Oct 16 2009, 03:26 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(16 October US) Latest Impact: GBPAUD Bullish Stance, eh! When?
GBPAUD selling forces were not tepid since the pair broke the 2009 low and capitulation emerged once the support trendline between Jan & Feb09 had been broken. The fall was indeed harsh, and we warned about it in the last wire of GBPAUD.
Today, we start believing that the bottom is about to be completed, allowing recovery at slow pace to be productive for few weeks.
If you are already standing with the bulls towards 17900, the position is fine as long as no close is issued below 17550. If that happens, close the position and re-initiate a buy signal once a close back above 17700 is seen.
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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 Fri, Oct 16 2009, 03:26 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.Interested in forex trading? forex brokerage firms!
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