Sunday, January 8, 2012

Trade weekend update and a little tech analysis

So far so good.  We managed to move our stops to secure even more profit but leave room for market to move a little bit.

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Current momentum signals show a high probability of sideways to bearish movement in the beginning hours of the start of the coming trading week.   There is an hourly bias, albeit bearish, towards upward momentum in the GBPUSD chart. We hope it still continues downward.  

I am very thankful the trade is looking good.  We’ll just wait and see if we can ride this trend all the way. 

Click picture to see full view
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Wishing everyone a very profitable week ahead!  Happy trading!

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