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January 17, 2012 – Asia Session January 17, 2012

Posted by Musa in : Journal , trackback

GBPUSD

In H1 timeframe, we can see that last week GU has 2 times tried to retest to break the trend line. But it failed and goes back down.

For next movement, if it can break the trend line, it is possible that the price will goes up and make a new trend in this week. But if it failed to break the trend line, it is possible that the price will fall again and follow the trend. So? Up or down? Still wait and see just in case for the breakout or pattern signal.

EURUSD

The same is true with EU. In H4 it showed that EU was in downtrend last week:

It is possible that the price will try to break the trend line. Success or not, it may try to break the up trend line. But, another scenario is the price will continuing the trend, it’s mean that it will goes down go to bottom trend line.

Let’s see…

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