My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Monday, March 29, 2010

GBPUSD : AB=CD [UPDATED v2]


The market opened this week with a gap that broke the resistance trendline. I assume that D is already completed in the last week LO at 1.4796. We can see that the market is now making a strong bullish movement during the london session while the support trendline is still holding firmly.

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