Tuesday, June 8, 2010

GBP/USD: 60 pips

Entered long GBP/USD yesterday at GMT9:41 for a target of 60 pips . Closed in less than an hour later with full profit for a 3.9% portfolio growth. Entered with smaller lot size as the general outlook remain bearish and bigger time frame also indicated bearish trend. However the short term outlook indicates pull back and thus the trade. Other similar pairs also indicates pull back from the month's low. Besides the indicator signals are quite solid.

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