Chart of the moment $GBPUSD 09-Oct-2009

Posted on October 10th, 2009 in Chart of the moment, Trading Journal

This is 240 min chart of GBPUSD. I have no position at the moment, but I am a little bit bearish. Is it going to break down further? What do you think?

Here are some technical statistics:

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Tags: FX, GBPUSD, Trading Journal

tradersam

No position now, but I'm looking at a short position. I'd draw that very bottom trendline up a tad, and it goes through the very last bar - hence my view.
Then again, I only do fx a bit, and don't get good returns - I stick mainly to gold and equities. Your site is a good read.

Casey Stubbs

Yes, I agree with you I am holding a short position right now and think it will go much lower. Great blog I just found it out I will be coming back. Thanks

Gav

Hey Casey, thanks for stopping by. I read your post in Tradershome as well. great stuff.

Talk soon.

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