Thursday, 28 February 2013

GBPUSD. 1.52 fails again but dont give up. This looks a good + entry level

The green line in my MT4 platform below is showing the above fork (Esignal) in green and as a untouched CL. I guess this is in part due to the broker feed but whatever its a promising entry area  for asmall 10 pip stop. This is a long position with original 10 pip stop at 1.5162. Theres no need for anything deeper stop as a deeper penetration of this green CL would indicate further weakness.

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