Economic Calendar


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Currency Strenght

Tuesday 8 March 2011

GBPJPY possible Completed Gartely 4hrs

4hr Chart
Correctively bullish on the Daily
Possible Completed Gately where Mr price is testing the Daily Mid Pivot @ 133.52
 However prices have fallen out of the Poseidon Uptrend line on the 4hr chart above. If Mr Price holds above the mid range pivot 133.77 area. i am looking to enter for a push to the warning line and then Target of 135.36 as Mr Price holds the 133.18 support. i will consider my trade idea wrong if 132.91 is broken
looking for news to back this strategy

Hrly Time frame


Mr Price is rangeing inbetween the 55DMA and the 200DMA on the hrly a clear rise above the 55DMA and dwn trend line resistance i will look to enter a break below the 200DMA and poseidon Warning Line  133.09 i will begin to consider shorting.

No comments:

Post a Comment