Tuesday, March 6, 2012

GBP/USD on Tue 6-Mar-2012

Market fallen, it touches our identified support 1.5790 like mentor JC commented, reboudned and approach 1.5900 nor resistance but only close to it.

Highest reaches 1.5886 and market fall for more than 100 pips.

I found a butterfly pattern on 1 hour chart, but it continues to dive south.

Trapezium formed and confirmed with GBP/USD trading below BKO 1.5884 convincingly.

Hunt short, short short short, aggressive short!

If u missed the short like I did, hunt to hunt tomorrow morning at initial shadow 25 pips from opening.

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