Monday, July 21, 2008

Pound Dollar at it again


This is the GBP/USD 1hr chart. I'm thinking that today it might reach the top of the channel and then get rejected because today's M4 is at 2.0019......the top of the channel. I will only trade a break to the upside because like i said before, trading a downward channel to the downside is risky buisness.

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