By: Forexter
26/2/2013
Topic: EURUSD Trading Signal For 25/2/2013, 14:45 - Review
Okay, yesterday the GBPUSD has performed well and has reached our target profit taking at 1.51900. As such, I would make a review and analysis for today's performance. As we know, I've made a decision to long it with a profit taking at 1.51900 due to the 'w' divergence signal from H4 graph, and today this signal is even more obvious and confirmed. As such, with the support and strengths derived from H1 and M30 graph's formation of divergence, plus with the strong position of GBPUSD, the possibility of it breaking M30's Moving Average 100 resistance's possibility is high. But at the moment, I would suggest traders to be in observation mode and take execution should there be any form of affirmative signals from M30 or H1 graph.
Disclaimer: The information and analysis mentioned above are solely based on Invest ACE’s personal technical analysis with the aid of professional training, decades of experience and meticulous foresight; Invest ACE shall NOT be held liable for any losses (financially or otherwise) incurred by any parties relying on aforementioned analysis without prior professional consultation. Should you wish to find out more on how to invest wisely, do not hesitate to contact Invest ACE via investace126@gmail.com.
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