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JULY 02
After break the trend line on 19-20 June GU still
continue to uptrend. Today forecast of US news all bad. mean we can
go LONG after we fond Awesome change color at below zero line and
price is in lower line of STD Channel.
GBP-USD on June 20
What did we say yesterday? This is: "So possibility become 2 option: Continue to make new high or make
a corrective wave to 1.9590 area. Keep watching." Today GBP/USD
break the trend line from high on 14 March 08 to high on 9 June 08.
Is this mean up trend already start after 6 months down trend? If
so.. let we start making chart analyze base on up trend caracter!
See you next week.
GBP-USD on June 19
See our position on June 11 below (second blue square) I recommend
short at that time. Now I recommend short again after: (1) Stoch
50,3,7 coming down (now above 70) or (2) Awesome change color to red
(now still green). Now price touching the upper trend line.
So possibility become 2 option: Continue to make new high or make
a corrective wave to 1.9590 area. Keep watching.
More detail image.
GBP-USD on June 17
See our position on June 11 below cross red line and blue square
below. GU look like doing the tree angle correction and now go back
down to support level direction. Short now and take profit at around
1.9420 is oke.
Daily Chart:
GBP-USD look like on 11 of June not found the strong support at
1.9480 area yet. This support is base on daily trend line from low
on 14 May 2008 and low on 05 of June 2008. If price hit this
support, there is big possibility price will pull back to up level
at arround1.9750. Please see detail in H4 and H1 chat below.
H4 chart:
More clear we can here. Price can come back to 61.8% of Fibo or
100% or continuous to 161.8% of Fibo at 1.9965 area. All depend on
US economic situation. If Bernanke said again that US economic
become better, this pair can bcak down again to 1.95xx.
H1 Chart
Check current price very close support at yellow line. You can go
long now but Stop Level shout put below 1.9840 do you want?
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