Tuesday, October 30, 2007

GBPUSD Quick review on the Tuesday

So, here is a quick review on Tuesday.

The 1st chart is H1



I marked out all main levels as usual in red. Why so many levels, you ask?

Usually I mark out all possible levels before the European session, and during it I can define what levels are work better. I marked out flat borders as blue rectangle.

Take a look at the M15


I marked out 2 possible flat rectangles. If price will brake green rectangle BEFORE the European session, then we must use another one.

Soon I will post here an explanation about flat levels, and why we have to use them before the session.

And now I have to go. Forgive me for the small post. I will add it tomorrow, before the American session.

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Here are DJ levels as usuall.

Best of luck to all of you!

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