Monday, June 28, 2010

Forex Trading Tips and Tricks - Powerful Candlestick formations

(This is a mini-series of Forex Trading tips and tricks by Eric Lye in his Forex Trading Blog.  Our objective is to help traders learn how to trade Forex properly, be educated and excel in their career)


Take a look at today's GBPUSD chart.  Switch to the weekly chart.  We see a bullish candlestick pattern - Three White Soldiers.


It is a good bullish momentum.  Thus, we can guess the price is going to be played in between 1.5000 to 1.5400 or 1.5500 region in coming days or weeks.

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