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Signal for GBP/USD

Posted by ForexSignal Avatar at 00:20 | Friday, April 1. 2011 | Comments (0) | Trackbacks (0) | Edit entry

Yesterday we got 60 pips profit from buy signal and 40 Pips from sell signal. As per our analysis the bull hits our 3rd target and change his trend to down side. Lastly  hit to our secondary trade area and go down to our 2nd target.

Todays Primary trade:  Technically today we are strongly  bearish. So we will go for sell. Fundamentally also bearish. But in the US session it will be very volatile for Non Farm Payrolls data. If the NFP will positive then berish signal 100%  will work. But if  NFP will  negotive then we have to look for single lot bullish.

Note: we don't trade on volatile market. If the price will hit our buying area with volatile condition then we will not open position.Only if the market will slowly  go there then we will look for buy.

SELL.6010

Target profit: 1.5990,1.5970,1.5950,1.5925,1.5900


Secondary trade:


BUY: 1.6100

Take Profit: 1.6115,1.6130,1.6150