ForexPros Daily Analysis April 11, 2011


Today: Free webinar on ForexPros - Forex Price Action

Expert: Raul Lopez

Start: Mon, Apr 11, 2011, 09:00 CST
End: Mon, Apr 11, 2011, 10:00 CST
   
During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.

Raúl López is a full time trader whose strategy is based on price action, all the information he needs to trade from the market itself and using an advanced application of support and resistance levels. He also trains and helps traders around the world to trade better and reach their goals as traders.During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.

Click here to join free

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Bulls are back in progress on cable after the pair made a very tricky decline two weeks back down to 1.5930 region. As such, we are now looking at the new, previous alternate count, which shows a flat correction in wave (2), followed by a new bullish leg, which is targeting now 1.6500 region and higher, with wave (3) underway. Any pull-back in coming week, will be just a corrective move with support seen around 1.6200/40 region; where trend line from 2009 should hold; resistance becomes support.

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Forex Trading Analysis written by Gregor Horvat for ForexPros. For more information about forex news visit ForexPros.

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