DAILY FOREX INDICATOR

This is proven GBP resistance and support using equation call CAMARILLA...
What is CAMARILLA EQUATION ? you can visit http://www.camarillaequation.com/interview.html

Camarilla indicator consist of 7 lines :

H5 LONG BREAKOUT TARGET
H4 LONG BREAK OUT
H3 SHORT
PIVOT
L3 LONG
L4 SHORT BREAKOUT
L5 SHORT BREAKOUT TARGET


Each line act as resistance or support if one broke the target is next line but sometimes not all lines
will be used depend on price range on that day.

Today, 23 May 2006

H5 LONG BREAKOUT TARGET : 1.9034

H4 LONG BREAKOUT : 1.8950

H3 SHORT : 1.8899

PIVOT : 1.8810

L3 LONG : 1.8797

L4 SHORT BREAKOUT : 1.8746

L5 SHORT BREAKOUT TARGET : 1.8662

My forex system just visit http://forexsecret.blogspot.com