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DAILY PREDICTION FOR GBP/USD PAIR

Thursday, April 16, 2009

Thursday, Apr 16, 2009 - 10:40AM ( GMT +8 )

Congratulations for yesterday profits! First target for short about 30 PIPs from entry has been reached after market down before make reversal to continue bullish pattern. Then, again market break the Pivot and moved up until reached target 1 for long, make about 45PIPs also target 2 make about 119PIPs. The last terget which is target 3 also reached this morning and make another 162PIPs. All togethers if you make 3 entry long, profits about 326PIPs.

Today, market open at price 1.4993 above the Pivot(1.4948) and moved up make new high for this time at 1.5064. At this moments, market reverse down looking for the Pivot and we see if this Pivot break or not.

Retrecement level at 61.8% also Pivot level at this area. So, if price can not break this Pivot and then only make retrace here, then our target for long/buy are :

BUY AREA : 1.4960

TP1: 1.5031
TP2: 1.5080
TP3: 1.5161

Ohterwise, this Pivot can be break by this market down, then we can take our short/sell at :

SELL AREA : 1.4940

TP1: 1.4870
TP2: 1.4820
TP3: 1.4797


GOOD LUCK FOR TODAY

Always trust yourself, trade what u see from the chart, don't trade what u think and use your own prediction and compare with my prediction......

Save Palestine For Allah.....

THIS MARKET PREDICTION BROUGHT TO YOU BY : Sifu WA

Posted by SifuWa at 9:59 AM

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