gold-forex
11-12-2009, 06:14 AM
Although yesterday's selloff from 1.6799 signals a temporary top has been formed at 1.6844 and initial downside bias remains for correction towards 1.6465/67 (61.8% projection of 1.6799 to 1.6536 measuring from 1.6627 and previous support), reckon the Ichimoku cloud bottom (now at 1.6449) would contain weakness and bring rebound later....
More... (http://www.actionforex.com/action-insight/candlesticks-trades/trade-idea%3a-gbp%10usd-%11-buy-at-1.6470-20091112100449/)
More... (http://www.actionforex.com/action-insight/candlesticks-trades/trade-idea%3a-gbp%10usd-%11-buy-at-1.6470-20091112100449/)