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Inside technicals and chart patterns by Raghee Horner, trader/author at Ragheehorner.com, Chief Currency Analyst at InterbankFX, and Autochartist Chief Market Analyst.

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GBP/USD 240 Trend Follow
Posted on October 22, 2009 at 12:38 in Chart patterns, Price actions by Raghee Horner

I’ll be doing a 9am EST webinar about the 1-2-3 steps to chart pattern trading as a reference to the updates that I post here.  You can also follow me at Twitter for intraday updates.

In the meanwhile…

The 240 minute cbale is heading higher as the trend remains strong and UP.  The rejection at the top line of the formation is actually a good thing as I wait for a correction in order to play the uptrend.  Entering long on the correction of an uptrend is a swing buy.  I will look to enter long off the support of the wedge.

Here’s the pattern as it is overlayed on my MT4 platform with the Autochartist plug-in:

2 Responses to “GBP/USD 240 Trend Follow”

  1. on 22 Oct 2009 at 9:51 pm1majed

    still up

  2. on 23 Oct 2009 at 3:57 am2mabel

    Hi Raghee

    where are you giving the webinar on 123 pattern?

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