Wednesday, May 27, 2009

27May,2009 Daily Analysis on GBPUSD

Good afternoon,
sorry to post late, because today I have few Business meeting therefore no time to go details on the daily chart here are the information would like to share with you,

Form the chart, I notice the wave4, is over and the wave5 is started.
0 point = 1.5058
Wave1 = 1.5286
Wave2 = 1.5115
Wave3 = 1.5943
Wave4 = 1.5776
Because I miss the morning analysze, therefore, I zoom into Hour chart,

From Choas Trading method,

Buy stop = 1.6007 +0.0004 +0.0001 = 1.6012

Stop loss = 1.5962

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