Monday, April 20, 2009

GBP- 04:24ET

Tried a long here...some hourly and daily support but we are still coming out of a very strong reversal in the GBP/USD pair from a few days back (Wednesday 15th, 20:00ET) so caution was warranted- when the breakout from the wedge failed to produce an increase in volume, I raised the stop.

Covered commissions for a scratch...the pattern went on to fail.

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