Testing, testing, 1-2-3 testing!!!
GBPUSD on 15 minute chart
Cable started its retracement in the early hours of the morning, having given us the early signal when price crossed through the moving averages in an upward direction and produced a Serene Education BUY signal. But what do we have going on now and if you not in the trade should you be entering now?
We the simple answer is no. If you are not in the trade, there is a mjor resistance at the moment… the 200 Day MA. We saw that price tried to break it but was unable to and closed below. We want to wait for the candle to break above and close above before entering on this strategy. Currently as I write this – price is not managing at all!!
Trade well, trade Serene!
www.sereneeducation.co.uk
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Serene Education Ltd Blog- This site has been moved!!! 28/07/2009Dear Serene Education followers and students. Please be advised that this blog site has now moved sites and has been replaced by www.SereneEducation.co.uk/blog. This is due to our new members site where we are able to offer you, our valued students more valuable benefits and educational experiences. Click HERE to be taken to the new site and ensure [...]
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- Aussie – going down under? 24/07/2009Hi Everyone, Am watching the AUDUSD with interest, and waiting for all my signals to align for a potential short. The pair has been in an up trend during the London session, making higher highs and higher lows. Several things indicate the the pair may be ready to turn. (i) it has broken it’s trend line, [...]
- Intraday Directional Trend Indicator Update 24/07/2009Last intraday update for today on the FOUR major currency pairs. This tool will be made available from Monday for our Gold and Platinum members. Look out for the launch of the new site and have a plesant weekend.
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- This site has been moved!!! 28/07/2009
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