Tuesday 17 January 2012

Bullish Divergent Bar at Fibo level on GBP/USD Hourly

GBP/USD Hourly

Buy at 1.5310 with a 30 pips stop loss at 1.5380, Already closed 2/3 of my position at 1.5350 for 40 pips profit.

Take a closer look at how price react near the support level which converge with the 50 fibo level..

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