The UK pound has gained strongly against the US dollar over the last few weeks, climbing from a low of 1.5406 earlier in the month, and reaching an intra day high of 1.6059 earlier this week, and the question now of course is whether this bullish momentum is likely to continue, or are we likely to see a pull back from this level in the
The UK pound continued it’s bullish momentum last week, ending with a wide spread up candle on the weekly chart and breaking and holding above all three short term moving averages once again, and ending the forex trading session at 1.5863. This bullish momentum has continued in early trading this morning, with Cable continuing higher to trade at 1.5895 at the time of writing. The
As a full time forex trader, and one who teaches and mentors students around the world, I am constantly surprised and amazed at the number of forex traders, ( and indeed many others) who trade without a stop loss, exposing themselves to unlimited losses and a a quick exit from the market as a result. There are many excuses that I hear from traders, and
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Copyright © 2012 All Rights Reserved
Copyright © 2012 All Rights Reserved