we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 1.6102
stochastic refers that the pair will go down
so our target sell from 1.6204 and our target will 100pips
My analysist for gbpusd today,02 october 2013 using open price market at 00.00 broker time strategy.
This analysist is using the open market price and using dolly graphic indicator.
With this indicator, we place trapping buy stop and sell stop
pending order today
buy stop 16216 tp 16236 sl 16156
sell stop 16176 tp 16156 sl 16236
GU for the long term is still in a bullish trend, TF candlestick shows D1 yesterday despite an increase but sellers push back at the end of trading, today stoch TF H4 has been below the 50 level, towards the support level at 1.6065 but most likely not be achieved because of stoch in D1 TF still in OB area. To this day
At the 4 hour chart, we can see a clear mirror the level of refinement, when, after a resistance of 6160 acted as a few hours ago in support of this level, and held a retreat north toward the main trend, a pair of fully completed the correction of the south, while waiting for access to a weekly maximum of 6260 and his breakthrough.
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