Result on July 10th from Initial Post of July 05th (Click on the chart to enlarge it)WINNER
My strategis on SHORT worked very well. The classic Double-Top (see yellow arrows) at the important resistance 1.6673 (High Oct 30th, 2008) and more importantly at the 61.80% fibo retracement of the major bearish move 1.8669 to 1.3504 worked very well.
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Initial Post July 05th
(Click on the chart to enlarge it)We have a classic Double-Top (see yellow arrows) at the important resistance 1.6673 (High Oct 30th, 2008) and more importantly at the 61.80% fibo retracement of the major bearish move 1.8669 to 1.3504.
GBP is definitely bearish so my strategies are:
* SHORT at any major throwback to the resistance 1.6333 (Monthly Central Pivot)
* SHORT break 1.6212 (lower range of a 30-minute chart trade trange)
* SHORT break 1.6086 (50.00% fibo of same major bearish move 1.8669 to 1.3504)
The supports 1.6212 and 1.6086 are very important ones so watch for short-term LONG positions at these support levels.
