EUR/AUD LONG (20-2-08)

Date: 20/2/2008
EUR/AUD LONG @ 1.6033
TP: 1.6533 (minimum target), 1.6833 (max target)
SL: 1.5901

Please observe the charts below starting with the 4 hour (H4) chart.
Note the strong support and prices tend to go higher and higher.

Let’s now take a look at what is happening on the daily (D1) chart.

After consolidating for 2 weeks, and testing the […]

GBP/JPY LONG (20-2-08) & (21-2-08)

Date: 20/2/2008
GBP/JPY LONG @ 209.61
TP: 216.61
SL: 209.00

Date: 21/2/2008
GBP/JPY LONG @ 210.58
TP: 216.61
SL: 209.00

Please observe the charts below starting with the hourly (H1) chart.
Note the strong support and the least resistance towards the upside for prices to move.

Next observe the strong support are on the 4 hour (4H) chart.

You will find strong support too […]

GBP/USD LONG (20-2-08)

Date: 20/2/2008
GBP/USD LONG @ 1.9412
TP: 1.9812
SL: 1.9351

Please observe the charts below starting with the hourly (H1) chart.

Next observe the 4 hour (4H) chart below.

Of course we need to look at the daily candles too.

Finally the profit target in the medium term.

Currently the position is up +320pips profit.
Latest update:
Currently the position has been closed for +400pips […]

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