Elaninvestment
16-03-2010, 13:08
EURUSD. Daily chart. Descending trend line (http://elaninvestment.com/technical_analysis/tech_analysis/304.html) has been broken. The pair is going to test support (http://elaninvestment.com/technical_analysis/tech_analysis/12.html). If it stand pair will growth. You can try to put sell stop order on the 1.3650 level, put stop-loss order above 1.3767 in this case. You can try to put buy stop order on the 1.3767 level, put stop-loss order just below 1.3650 in this case.
http://elaninvestment.com/img_3486.gif
GBPUSD Trend is downwards on the daily chart. A pair is consolidating in the range (1.4982- 1.5203). You can try to put sell stop order on the 1.4982 level, put stop-loss order above 1.5203 in this case. You can try to put buy stop order on the 1.5203 level, put stop-loss order just below 1.4982 in this case. There are many false alarms possible during consolidation. It makes trading difficult. I recommend to use the tactic of re-entry.
http://elaninvestment.com/img_3487.gif
Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions (http://elaninvestment.com/)
http://elaninvestment.com/img_3486.gif
GBPUSD Trend is downwards on the daily chart. A pair is consolidating in the range (1.4982- 1.5203). You can try to put sell stop order on the 1.4982 level, put stop-loss order above 1.5203 in this case. You can try to put buy stop order on the 1.5203 level, put stop-loss order just below 1.4982 in this case. There are many false alarms possible during consolidation. It makes trading difficult. I recommend to use the tactic of re-entry.
http://elaninvestment.com/img_3487.gif
Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions (http://elaninvestment.com/)