Wednesday 13 April 2011

Market Update EUR/GBP

EUR/GBP Daily
Daily Trend: Sideways with a possible move up to its resistance at 0.8940


So let's trade the intraday (blue box area) is an up trend.






EUR/GBP 4 Hourly
4 hour chart trend is still up

No AO divergence yet, momentum is up

So I'm only interested at buying opportunity at the moment.






Trading Plan

EUR/GBP Hourly

Normal correction on the hourly chart, wait until the AO cross zero then buy when it breaks up fractal above the red line.

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