Sunday, June 15, 2008

Daily Market Analysis

GBP/USD

Pivot point : 1.9464
Support 1 : 1.9415
Support 2 : 1.9360
Resistance 1: 1.9519
Resistance 2: 1.9568

There is resistant at 1.9519 and GBP/USD currently in weak uptrend and im waiting it to break the resistant. i have placed buy stop order at 1.9515, SL at 1.9490 (-25points) and TP at 1.9575 (60 points)with a Win loss ratio about 3:1

Buy Stop : 1.9515
TP : 1.9575 (+60 Pips)
SL : 1.9490 (-25 Pips)

EVERY TRADE IS RISKY AND ALL VALUE HERE IS BY PERSONAL ANALYSIS. Make sure u put your stop lost to prevent from more losses if the trend change.

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