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    art and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term av

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    Let's look at a live trade in the market which could yield a potential profit opportunity.

    We are going to use a very simple method anyone can understand and apply for profits.

    For the purposes of this illustration we are writing for Monday's trading session.

    You can use any of the free chart services on the net, the one we are using is futuresource.com and looking at the futures contract although the logic is the same for cash forex.

    Indicators to use

    We are going to use

    1. Simple support and resistance lines.

    2. Bollinger bands

    3. Stochastics.

    If you don’t know how they work, check our other articles.

    The British Pound V US Dollar.

    The trend is up.

    Look at the daily chart and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term ave

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    >For the purposes of this illustration we are writing for Monday's trading session.

    You can use any of the free chart services on the net, the one we are using is futuresource.com and looking at the futures contract although the logic is the same for cash forex.

    Indicators to use

    We are going to use

    1. Simple support and resistance lines.

    2. Bollinger bands

    3. Stochastics.

    If you don’t know how they work, check our other articles.

    The British Pound V US Dollar.

    The trend is up.

    Look at the daily chart and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term av

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    nd looking at the futures contract although the logic is the same for cash forex.

    Indicators to use

    We are going to use

    1. Simple support and resistance lines.

    2. Bollinger bands

    3. Stochastics.

    If you don’t know how they work, check our other articles.

    The British Pound V US Dollar.

    The trend is up.

    Look at the daily chart and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term av

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    ollinger bands

    3. Stochastics.

    If you don’t know how they work, check our other articles.

    The British Pound V US Dollar.

    The trend is up.

    Look at the daily chart and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term av

    Common Decency......Let's Keep it Alive!
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    art and you will see the Pound Dollar is bullish and looking to test recent highs.

    In an up-trend the middle line of the Bollinger band (the green line) represents the longer term average or fair value.

    Notice how dips to this line give buying opportunities and the line below it represents a line of support ( the red line)

    Prices in a strong bull market should move up toward the top line of the Bollinger band (the blue line)

    Layers of resistance on the chart are this line and the recent spike high and the double top that occured last week.

    If this area of resistance is broken we could see the British Pound trade much higher.

    We would not try and anticipate this happening, we would wait for a close above the daily highs on the chart to confirm the breakout to the upside and and trade with the break.

    Swing trade opportunity

    In the short term however there looks to be the chance of a

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