Thursday, March 13, 2008

GBP/USD: Retracement to 1.9970 After Target Hit of Diamond Bottom Formation at 2.0215 with a Shooting Star? (Result from Post Entered on March 09th)

30-Minute Chart (CLICK ON THE CHART TO ENLARGE IT)
On March 09th I posted:
## SELL break 2.0100 with STOP 2.0130 and LIMIT 1.9971
## SELL failure central Pivot point 2.0144 March 10th with STOP 2.0170 and LIMIT 1.9971 (aggressive strategy).
March 10th was a very tricky day for the Cable. As u can see from the attached 30-minute chart only the break of the central pivot point of 2.0144 on March 10th would have worked, but still without hitting my target. So both strategies didn´t work.