We are in the bullish channel Long

British Pound/Australian DollarFXCM

Description

⋅ Jul 9, 2015 8:17 AM

We are in the bottom of the ascending channel + bullish divergence on stohastic is showing that a trand will go one. Good risk reward.

Comments

DerekUweri71

⋅ Jul 10, 2015 1:31 PM

good call, my method of trading.

DerekUweri71

⋅ Jul 10, 2015 1:31 PM

what's the macd look-alike indicator?

mango

⋅ Jul 10, 2015 2:28 PM

You can find all about this indicator here :

Its very helpful indicator

DerekUweri71

⋅ Jul 10, 2015 2:36 PM

Thanks Mango, i'll have a look. I don't use indicators at the moment.

DerekUweri71

⋅ Jul 10, 2015 2:39 PM

£aud very bullish today, did you take a position on it??

DerekUweri71

⋅ Jul 10, 2015 2:43 PM

The weekend starts for me now. I'm based in the UK, where are you?

mango

⋅ Jul 10, 2015 8:01 PM

Yes I see.shere some ideas.. i took the trade yesterday. it hit my stop on 2.0851 so i am out now. And it is better to close positions before this weekend! . I am from Slo.