Friday 4 June 2010

Short GBPUSD 16434

Why I am taking this short?
The daily, hourly and 10 min stochastics indicators are all turning. Also cable is at the moment still in a major downtrend
What are the dangers?
A favourable jobs report could cause a strong rally. Also possibly the market is displaying a "coiled spring" formation in the hourly graph

No comments:

Post a Comment

Note: only a member of this blog may post a comment.