Friday, August 23, 2013

GBP /USD: FRIDAY 23/08/2013. 09:59HRS

GBP / USD:

Cable is in an up trend.

Chart below:

 
Price has pulled back to the Weekly Pivot Point and the 50% Fibonacci level
 
Chart below:
 
 
Price has this morning broken back above the averages and I am looking for a long position as detailed below.
 
Levels and Chart below:
 
1st Entry: 1.5620
2nd Entry: 1.5610
 
Averaged Entry: 1.5615
 
Stop Loss: 1.5580
 
Target: 1.5790
 
 
I will update again should the position be opened.
 
 
 
 

No comments:

Post a Comment