Chart of the moment $GBPUSD 27-Oct-2009

Posted on October 28th, 2009 in Chart of the moment, Trading Journal

To me, the Cable buying during last session did not change the trend. Instead, I thought there might another opportunity for SHORTs? This is a text book pattern. Nothing fancy, let’s see how it works out. If the the breakout of the pattern realized, I am revising the downside target to around 1.6-ish, still in the zone support zone as mentioned in my last post.

What do you think?

Here is the …. CHART!

Some technical statistics

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Tags: FX, GBPUSD, Trading Journal

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