Monday, June 22, 2009

GBP/USD Pair @ 06.00 am (Malaysia)

Salam and Hi.... Trading Range is between 1.6200 to 1.6700 area.

1. BUY Area : 1.6471 ( Target 1 : 1.6559 T2: 1.6603 T3: 1.6709 )

If fail to reach the target CS may drop back to 1.6400 area.


2. SELL Area : 1.6431 ( Target 1 : 1.6373 T2: 1.6303 T3: 1.6200 )

Let see at H1 chart at this moment - the CS already performed a flag and so do M30 chart already got a big flag. CS may test Friday High early this morning. Just wait for the M5 indicator to enter your positions - Low to buy now. If fail CS may do some retracement and will see Mr. Pivot again.

Do see Daily chart also, looks like CS already performed Head And Shoulder. Anyway everything is OB on all indicator that mean CS may do the retracement later today.



Please dont belive me but trade on what you see. Until then let see what will happen today and happy trading.

Allah Hu.

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