Monday, June 18, 2007

GBP/USD FOCUS

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As it stands, today's daily close will create a pivot point for a bull pivot. The swing bar will be the range bar bear candle from June 8.

All the other bars since June 8 have been contained within this range bar which makes them inside bars. Therefore the close of Friday's bar formed an internal bull pivot since it occurred inside the range of the June 8 bar. Hence, my bullish call for today to trade alert subscribers.

Today's Aud/Usd trade hit target for 38 pip profit. Usd/Cad up 35 pips and Eur/Aud is even

Jerry

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1 comment:

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