GBP/USD Trade
Posted on March 16, 2009 at 23:48 in Uncategorized by Ross YamashitaNo Comments »

Hello.

Our scan has brought up some movement on the GBP/uSD. We formed a nice triangle formation and the shorter term trend is down. Look for the pair to come down and test the bottom trend line and then head back up.

GBP/USD

Looking at the bigger picture, it’s also good because once the currency pair breaks the last channel, then it’ll potentially help us determine what our wave count is.

We’re watching for a break on the down side lower than 1.3654 and for a break of the high of 1.4227.

Check your announcements, use your stops and apply your money management. Good luck and happy trading.

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GBP/USD Trade Analysis
Posted on March 12, 2009 at 21:51 in Uncategorized by Ross YamashitaNo Comments »

Hello everyone.

Here is an hourly look at the GBP/USD. We analyzed the lower time frames and got the smaller counts to come up with this hourly analysis.

GBP/USD

Look for the pair to head down in the very short-term, go up to hit the trend line (around the 1.4050- 1.4150) and then start heading back down.

As many of you know, this pair can move quickly so watch your trades, check your announcements, place your stops and apply your money management.

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