GBPUSD bullish engulfing

Sunday 10 July 2011

 

 

Daily candlestick

 

Friday daily closing pattern indicate bullish engulfing. This is a sign to long the money for during a week. At 24 June 2011, stochastic oscillator indicates first bottom and now picture complete double bottom confirm at daily candlestick. I expect to up swing in this week hit 1.6266 (profit 2 area).


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