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A quick Example
Here is a great example of what to be looking forward to towards the future. The GBP does look a little stronger since its rescent past. It could be gianing some ground and posied for a move up. But looking at the price objectively, you have to ask yourself first, where is support and resistance? Right now GBP is dead square in the middle of the move. Hitting resistance near the 1.8000 to 1.8050 Figure is quite likely. The SMA 50 is bearish, giving the intermediate trend sentiment and Stochs are starting to come together for a Over bought condition. Anything could happen, but people that are buying right now are buying way too high. In theory it is not a good value, if you will. So even though I have a good idea that GBP will strengthen, I would not be buying, rather I would have orders to average Short. My fund has orders placed, and will be wating to be executed. I am not anxious to get in, because that will kill you every time.
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