TheforexClub

[iamcanadian]

http://imgur.com/0ogRTCY Unfortunately I have not mastered embedding an actual chart - how to do a price set up - staying with direction, trading with direction and taking advantage of the retraces - this chart is a simple direction follow with entry on the retrace - I will cover zones as I go along. The GbpUsd as far ass Im concerned is still rising as long as the swing low remains intact - this is an opportunity to go long with limited risk as the swing low becomes our stop loss plus spread plus 5 pips. Now this is friday so sunday will be an opportunity to see if this pair continues on its course moving up