Monday, March 9, 2009

03/09/09 Forex Market Comments

GBP/USD: Last Friday formed downside pin bar, if market breakdown Friday low, we have a short swing setup. Around 4:15am, pound broke trend line and Friday low, the downside momentum is decisive. A very nice trending day for pound. Today is a WS7 day and made a new low in 20 trading days (L20).

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1 comment:

  1. UnknownJune 20, 2009 at 10:42 PM

    Hi!
    Computers nearly KILLED
    Point & Figure Trading..
    But I love P&F!
    See my chart.
    http://iticsoftware.com/postimages/2009-Jun-19/1440dxy090619.jpg
    http://iticsoftware.com/postimages/2009-Jun-19/eurusd240.JPG

    ReplyDelete