Forex Trading Signals Update
October 22, 2009 by Kelvin
Filed under Forex Signals
This post is an update for the forex trading signals Week #10.
Regarding the GBPJPY analysis, if you have traded based on my signal, you will have make a profit of 244 pips today.
However, if you are still holding on to the trade, there is something you got to note: The Fibonacci 0.5 at the weekly chart at 151.6, it may be a strong resistance that will push the price down. I have get out of 2 lots today and keep one lot for chance of future rise. The price projection for this breakout trade will end at around 153.169 and I personally place a stop loss at 150.6 which is a level of support.
Hope that you have profited from this trade!
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