10:35Forex Signals on GBP / USD on 21/10/2013
GBP / USD pair is trading on the hourly chart within a neutral trend. The course is located above the moving average with period 55 on the hourly chart, the level of 1.6125 , thereby increasing prices.
The signal for the opening of the long position will sample the results of hours of resistance at 1.6215 in order to increase the resistance level at 1.6250 and in case of breakdown up to an hour to 1.6281.
Stoploss for this strategy can be placed at 1.6160. The signal for the opening short position will sample the results of hours of support at 1.6126 to decline to the support at 1.6089 in case of breakdown up to an hour 1.6054 . Stoploss for this strategy can be placed at 1.6185.
In the case of a strong movement in the breakout technical figures , I recommend to wait for the correction . That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown.
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