Quoting glenn5tDislikedMelissa
I use Vegas as a indicator as well you will understand when I talk about fib nos and pips from breakouts then...
As I did in a earlier post.....
The possible maybe on the cards for GBP/USD
If it holds 1.9067/1.9101 levels a violation of this zone materializes, its Aug06 and Nov06 highs are exposed with a break and close above these levels needed to resume its primary uptrend. If this is seen, its April05 high at 1.9218 and its Mar05 at 1.9327 are the next technical levels. A push beyond these levels should target its Dec04 high at 1.9552.In addition, its daily studies remain positive supporting the above view.
Thats why I closed to give myself some trading room..If however it goes into decline I have several trades lined up in the ea ..
GlennIgnored
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TRADE FOR SWAP
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