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GBPUSD 60 Minute chart analysis
Tuesday, March 24, 2015 3:41
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Hello traders good to be back with you. As you can see we are looking at the GBPUSD chart and my bias is bearish from the daily chart. I placed about 90 minutes before the London open a support and resistance on the chart, I do this on all my 8 pairs that I watch. There was data released and you can see the big candle with the large wick. Well my friends this is an education when it is time to sit on your hands and not enter a trade. I would like to enter after it breaks below the 1.4900 price level and close with a bearish candle. The main point is there is no price action and no entry so there is no trade, I would like to see NY session take this pair down and get to my price where I can enter. Talk Soon…… William
Source: http://www.fxinstructor.com/blog/gbpusd-60-minute-chart-analysis-3
