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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • GBP/USD Could Be Setting Up For Long Position 0 comments
    Aug 8, 2013 5:56 AM

    By Mike Ber

    The following is from ForexAlerts.ca . Their recently launched service has been profitable every month since inception. Here are their trading results.

    We're seeing an opportunity in the GBPUSD for a potential short term long trade as this pair attempts to find a bottom after struggling for so many years since the 08' collapse. The 1.47624 appears to be strong support and Friday's strength could be an opportunity for us to try a tester position and see if it can develop into something bigger.

    We're watching the 1.52425 - 1. 52088 as a buy level and will sending out an alert to subscribers when it gets down there if we like the action in how it pulls back.

    (click to enlarge)

    Contact Mike Ber at info@forexalerts.ca to learn more about his service.

    Related Posts:

    Japanese Pairs Update: BOJ Meeting in Focus

    Special Update on EUR/USD

    Weekly Forex Recap Of Major Pairs Covered

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