Another idea would be to place a short entry @1.6452, just below Asian session high. However, I consider this one a bit riskier as the trend of the day is still up.
Check it out:
Statistic and Probabilistic Trading
Thursday, June 2, 2011
#GBPUSD Trade Ideas
The best way to elevate ones probability is to trade in the direction of the trend. Therefore I am thinking about placing a short just belows todays low which also is the weeks low. Like this, we will be breaking some support around the 1.64048 level May 19.
Another idea would be to place a short entry @1.6452, just below Asian session high. However, I consider this one a bit riskier as the trend of the day is still up.
Check it out:
Another idea would be to place a short entry @1.6452, just below Asian session high. However, I consider this one a bit riskier as the trend of the day is still up.
Check it out:
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