Tuesday, January 03, 2006

My Forex Trade Idea - 01/03/06

Here's a forex trade idea based on the 5/20 wma cross over system:

Enter short on GBPUSD at 1.7253. Stop at 1.7283 and target 1.7223. Profit target right above pivot point. Market reversals happen at pivot points, so that's definitley a good time to take profit. Time to make some pips!


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