Browse: Home / / Sell GBPUSD at 1.5438(price was 5pips shy of entry before hitting t1 and t2)
Please indicate IB-806 as the sales person when filling the online form. Also note that citizens of Canada and USA are not allowed to open an account.

Sell GBPUSD at 1.5438(price was 5pips shy of entry before hitting t1 and t2)

By mike on April 20, 2010

there is a solid short on GBPUSD at 1hr at 1.5438 based on an emerging bearish BAT with the following confluence

1. possible TL rejection

2. ab=cd

3. 88.6 fib retracement of XA

4.  1.618 fib extension of AB

5. good resistance level

Posted in

mike

My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.

One response to “Sell GBPUSD at 1.5438(price was 5pips shy of entry before hitting t1 and t2)”

  1. Achoronye Kingsley
    Achoronye Kingsley
    August 11, 2010 at 8:55 am |

    you have the wining formular to this market. The idea is trade what you see is real on the charts. l am a chartist too because price is the most important indicator.It does not lag but instant. l use most of the tools you mentioned. Hoping to work with you .

Leave a Reply

« »