Friday, October 16, 2009

GBP/USD H1 Setup

Ok..just a quick update. Above is GBP/USD hourly chart. I bought the pair targeting 1.6445, which is the D1 trendline (head to right shoulder). I 'll put my sell order there with tight SL. As for now, my SL is below 1.6222 (see screenshot for TLs and retracement level). All I need to do now is to follow the plan.

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