16 Nov 2007
1. Current position: Long at 2.0730 (paper losses)
Position short at 2.0550 filled and close trade at 2.0440
2. Today position:
I will place a limit short order at 2.0400, TP at 2.0235
I will too place a limit long order at 2.0520, TP at 2.0570
3. Personal Expectation: CCI should go into oversold state, thereby saying that GBP will move south towards EMA200 at 2.0230. It has been some time for a GBP reversal to hit the daily EMA200. But do watch out that should the WMA5 rebounded off EMA55 from the daily chart, a reversal sonner than expected could happen.
Position short at 2.0550 filled and close trade at 2.0440
2. Today position:
I will place a limit short order at 2.0400, TP at 2.0235
I will too place a limit long order at 2.0520, TP at 2.0570
3. Personal Expectation: CCI should go into oversold state, thereby saying that GBP will move south towards EMA200 at 2.0230. It has been some time for a GBP reversal to hit the daily EMA200. But do watch out that should the WMA5 rebounded off EMA55 from the daily chart, a reversal sonner than expected could happen.
posted by Ernest Seng at 9:23 AM
1 Comments:
very conscientious and careful analysis.
well done!
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