Trading Blog - DanielDailyFX.com by Daniel Sim

Daily Forex Trade Signal: GBP/USD 12th November

Posted on 12. Nov, 2009 by Daniel in Daily Forex Signal Forecast

Good morning fellow traders,

Pound as predicted continues to close bearish. Yesterday pound still form a downtrend pattern.

So how are we going to trade today? My trade idea is the following

Base on the usual rule, i will only trade if Pound open within the downtrend channel. I will short Pound if it trade below opening price of 1.6572 (within the downtrend channel).

P.S Make trading method simple.

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