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GBPUSD Buy at 1.5166

Written by Ross Mullins on April 28, 2010 – 11:20 am -

Trade posted to TAP at 11:53am ET, buy GBPUSD at 1.5166. 50% Fib from Daily Chart and historical resistance and support between 1.5160/45. Looking for a bounce back to 1.5190 then 1.5230.

GBP/USD Chart Picture

Tags: Daily Trader, forex market, forex trading, gbp/usd
Posted in Trading Signals & Strategies |

2 Comments to “GBPUSD Buy at 1.5166”

1. Ron Baker Says:
   April 28th, 2010 at 12:11 pm

   This trade may work out for you and I hope it does. But I have ask why you haven’t been on USD advance upwards. It is much easier. I like to account for the fundamentals then take the technicals in the direction the fundamentals tell me to go. And that has been long USD for some time now with retracements along the way. And yes I know your style and have enjoyed being in your room. But the Eurozone problems are not over yet and the USD is the beneficiary.

2. Ross Mullins Says:
   April 29th, 2010 at 7:35 am

   This trade took some time and I was knocked out at my lock in but both targets achieved. Was at 45 pips of profit when I locked in.

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