2014/05/15 (Thursday) Price Action

FX:GBPUSD   British Pound/U.S. Dollar
17 0 0
With previous moves up in mind we have to look at today in relation to the weekly view. We are near or even on the 50% of the last couple of month’s movement. We may see an inside tomorrow as people reconsider the short positions however.


We may see long signals early to mid-next week if the press further down is met by further hesitation. If we see a clean inside bar tomorrow and a false-break toward the same 50% retrace as today on Monday close we could have on an entry signal for long.
If we see any further upward attempt and more rejections I will not look for any trades with this pair until downtrend is established.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out