FOREX Trading Review Video 15 JUN 09 GBP/USD 4H Shooting Star

Posted by - 16/10/09 at 08:10 pm

GBP/USD short trade based on the 4 hour closing candle: – 4H close below previous support at the 1.6290 zone. – 4H shooting star formation (almost a mini evening star) showing lack of momentum. – 1D has placed a lower high and double top, together with the 8EMA flatting off. – 1H showing a lower high and lower low, which indicates lack of buying momentum & rhythm.

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FOREX Trading Review Video 15 JUN 09 GBP/USD 4H Shooting Star

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