FOREX Trading Review Video 11 JUN 09 GBP/USD 4H Belt Holding Candle

Posted by - 26/06/09 at 10:06 pm

GBP/USD trend continuation (Long) trade based on the 4 hour closing candle: – Belt holding 4H close above previous resistance at the 23.6 fib level 1.6468. – Price action found support off the 8EMAon 4H and closed aggressively above the 1H box range. – 1D shows the 8EMA had taken control with price finding support off the 21EMA. – Angle and separation developing nicely on the 8 & 21 EMA’s on 1H and 4H charts.

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FOREX Trading Review Video 11 JUN 09 GBP/USD 4H Belt Holding Candle

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