Friday, June 6, 2014

Should price action for the GBPUSD 6-7June

This signal effective for 6June2014
Should price action for the GBPUSD remain inside the 1.6810 to 1.6830 zone the following trade set-up is recommended:
Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ 1.6820
Take Profit Zone: 1.6710 – 1.6740
Stop Loss Level: 1.6870
Should price action for the GBPUSD breakdown below 1.6810 the following trade set-up is recommended:
Timeframe: H1
Recommendation: Short Position
Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
Take Profit Zone: 1.6710 – 1.6740
Stop Loss Level: 1.6870
Should price action for the GBPUSD breakout above 1.6830 the following trade set-up is recommended:
Timeframe H1
Recommendation: Long Position
Entry Level: Long Position @ 1.6840
Take Profit Zone: 1.6900 – 1.6920
Stop Loss Level: 1.6800

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