Monday, 12 October 2009

GBPUSD – Update


Hi Everybody,

It is nice to see the 60-min GBP continue to decline following my last post :-)

As you can see, the GBP has pasted the first DP support zone only to reach the second.

But – how does this short trade “fit in” with the larger degree trend ? I will let you all draw the 240min Chart to see the larger degree DP’s


Thanks


Steve