TradingMax
Long

Friday take profit and such needed correction

FX:GBPUSD   British Pound / U.S. Dollar
The speed and magnitude of the fall for $GBPUSD has been very protiftable for a lot of traders. However, always take care trading on Friday and today (09-Jan-2014) we might see some take profit trades to take us out of the current formations - channel an ascending triangle .

Aim for 38.2% FIB retracement of the latest fall, coinciding with the highs of the second rebound.

By the time I finished writing it started breaking out.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out