A very nice setup seen on the Pound sterling Dollar pair. Directly broken the low of the four-hour candlestick, below round number, beautiful PA. There is no reason to leave this kind of trade. Price is also hanging on the swing-high. There is many space to go down as there was movement upward since last week.
Looking at the daily time frame, Pound sterling Dollar is showing a continuing downtrend. A possibility for price to go further down.
My trade here are going for short on Pound Sterling Dollar pair. Let's see how low it will go.
Tuesday, January 19, 2010
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