Monday, August 31, 2009

H4 Chart Trendlines Update

I drew some trendlines in Pound/Yen 4 hour time frame as shown in the above screenshot. The pair opened with a gap of 57 pips below Friday's close. I added a short position at 151.91 and closed it along with my previous position at 151.20 and 150.90 respectively. My plan for the rest of the day is still sell at resistance. Or, I might sell if the pair close below the trendline in the next 3 and a half hour. Have a nice day! ;)

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