Forex Trading Signal Breaking News 27 August 2009
August 27, 2009 by Kelvin
Filed under Forex Signals
This is a breaking news that I decided to add to my post. I will start to post some new observation as and when I notice one.
Today as I am looking at the daily chart for GBP/JPY, there is already a forex breakout trading opportunity that I hope all of you can make money from it. You can go to your trading platform and look at the Daily chart on GBP/JPY and you will notice a downside breakout occuring.
Take Note: The stochastic is entering the oversold region and you should be caution about entering any trade. Try not to enter any trade when you see the stochastic starting to narrow and bend.
Breakout Trading
How You Can Trade This Signals:
Move back one time frame to the hourly chart, wait for the stochastic to go overbought and then enter a trade when it starts to bend downward. At the same, you got to check the daily chart to make sure that the angle and separation of the stochastic still remain good.
Good luck!
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Hi Hamish
The price of the breakout is around 152.723. However the stochastic is still at the oversold zone. You got to be careful!
At the time of my replying to this comment, the price has move up due to a support level at the weekly chart.
You might get a chance to enter when the hourly chart stochastic move overbought and start to punch down but still have to observe the daily chart stochastic before you enter.
Good Luck!
Hello, Kevin!
What about the prices on chart?!
Hamish
in Kwun Tong!