Wednesday, December 15, 2010

GBP/USD 1 HR SUP/RES 5:10 AM EST




CLICK CHART
1.  Go long on close above a line.  2. Enter long on pullback to broken line.  3. Stop below low of breakout bar    4. Target is next line above

1.  Go short on close below line.  2.  Enter short on pullback to broken line  3. Stop above breakdown bar     4.  Target is next line below

Breakout confirmation = Higher volume 

Cheers, Jerry

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