Sunday, September 20, 2009

UNITED WORLD CAPITAL GBP/USD Breaks Neckline of Head & Shoulders

The GBP/USD recently broke below the 1.6325 resistance level, signifying the completion of the Head & Shoulders pattern. The completion of this pattern is a strong bearish indicator where a forex trader would typically enter in to a trade when the price nears or breaks the neckline. With the typical.... UWCFX
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Posted by United World Capital Forex at 6:09 PM

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