Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

GBP/USD Signal - Oct. 17, 2012

By DailyForex.com

By: Fadi Steitie


Currency: GBP/USD
Trend Expected Direction: UP
Method: Ichimoku Hyo
Description: Kumo breakout on smaller chart time from H4 where trend just broke the Japanese Cloud.  Tenkan had a golden cross above Kijun (Blue above Red) which indicate a bullishness move. However, the sentiment is still negative but with low volatility, so I would buy and hold the pair for today or probably another day or two.  I will keep my eye on this trend in micro Elliott just to target its end and will post it once trend mature.
Recommendation:  Buy & Hold
Target Area: Open
Stop Lose: 1.60530

image

Most Visited Forex Broker Reviews