Mar de Leva (swell waves) en Cartagena de Indias - Colombia

Tuesday, July 7, 2009

Definitely very good bearish opportunity in GBPJPY

Important to note that from 5 min to H4 timeframe, all MA`s are positioned in bearish “trend mode”
2009-07-07_1543
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GBPJPY poised for a bearish move

Based on my previous post on june 22th ( http://swelltrader.blogspot.com/2009/06/gbpjpy-h4-head-and-shoulders-in-making.html ), and after the  possible bearish H&S`s neckline has been broken and retested, i think this pair will unfold a big bearish move of about 700 pips.
despite of the H&S pattern, is very important to note that moving averages in H4 time frame, are positioning in bearish “trend mode”.

2009-07-07_1221
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Performance

Here i`ll post my performance on a USD 200 demo account. After trading for 2 months, i`ll create a new one.

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