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happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

FurQuad | 16 March '10 | Standard TA inerpretation & expectation of movement

Phil Newton's picture

Hi Folks,

Just updating GBPUSD discretionary view point and expected movements again.

Interesting developments based on the "what happened last time? Will it happen again? expectations"

Downside projection adjustment to 1.4925 zone (channell lows) Depending on a new short entry should see a 1st swing trade target with a possible 2nd swing trade target before catching rising channel lows.

Upside projection still between 1.50-1.5050 and free space to 1.5170 which should see a nice easy second swing trade target should price go up.

Upward movement still seeems like the line of least resistance

Enjoy

Phil



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