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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, August 29, 2007

GBPNZD

Chart courtesy of Metastock. Data provided by eSignal.

The Pound New Zealand Dollar hourly chart above is showing a day trade shorting opportunity. I am 47 pips in profit at prestent and have moved my stop to break even. I am aware the moving average suppot just below so I would rather make nothing than make a loss.

Good luck today.