Trading Blog - DanielDailyFX.com by Daniel Sim

Daily Forex Trade Signal: GBP/USD 11th November

Posted on 11. Nov, 2009 by Daniel in Daily Forex Signal Forecast

Yesterday traders who sold GBP/USD could easily profited 100+ pips before London Stock Exchange open. The closing of GBP form a downtrend reversing from previous days of gain.

Traders who has no position might consider the following trade idea.

If GBP/USD trade below 1.6782 and below opening price can go for Short GBP

But if GBP trade above 1.6728 and above opening price can go Long position

P.S Make trading simple

Tags: currency trading strategies, currency trading strategy, daily forex, daniel daily fx, forex trade signal, forex trading strategies, forex trading strategy