Sell GBP/USD on a break of 1.7400 support for 20-30 pips profit, or according to your exit strategy.
Sunday, February 12, 2006
GBP/USD analysis for 13-Feb-2006
Sell GBP/USD on a break of 1.7400 support for 20-30 pips profit, or according to your exit strategy.
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2 comments:
Hi forexenator,
I have just had a look at your GBP chart for 13 Feb and wish to know what chart package you use? I use Metatrader 4 and I cant get my Fibs to match yours. My readings are approximately 70 to 140 pips higher than yours ???? Maybe your Fib is different to the MT4 ??
Nice blog BTW.
David fairwind@upnaway.com
I am using metatrader 4 also, and the Fib level will depend on where you will measure it on, for example I am here setting the fib level on the January hi/lo levels.
Check your meta4 software, click on the month, set the fib hi/lo relative to January and you will get the same results.
Cheers
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