Hi all! Here's what I'm looking for in coming trading day(s): GBPUSD - short for 1 5605 USDJPY - short for 116 80 USDCHF - long for 1 4420 I don't see any signs of recent move to be weakening, so we may still get continuation of what we saw last week. Of course correction is inevitable, but I doubt we are talking about serious one here. The exit from triangle occurred to be just as in books, and we got the maximum this formation could give (talking Euro) - 400 pips of move in direction of break. I called 1 1220 the level of break, and we saw 400 pips down from there. Such a rapid move opened wider horizons and further room to move down. Have Profitable Week, Rezo August 25, 2003
Targets as posted earlier and here are stops as well: USDCHF: sl@1 4010 (3.73%) tp@1 4420 (7.86%) GBPUSD: sl@1 5865 (3.72%) tp@1 5605 (6.68%)
stop @6965 (2.95%) target half position for 6875, and hold another half open. For now tp is not put, and I may hold whole position for 6715 (6.47%)