My Ironclad Rule

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

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Wednesday, March 31, 2010

GBPUSD : Bearish Crab


The strong bullish momentum on Cable has pushed GU further upward even beyond the 3.618 BC at 1.5110 and currently trading above the 1.618 XA at 1.5128 zone. Divergence is spotted for this pair at the moment. Now I'm looking for spinning top candlesticks formation to get more confirmation to sell this pair.

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