Gbpusd4hrs
GBPUSD While buyingDo you want a secret to successful trading? Buy against the classic technical analysis. Because a good trend channel is seen downwards with a sharp drop, it can be a trap
I buy 1.28750 . SL 1.28580 TP 1.29700
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
GBP/USD: Weekly OverviewLast week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656
At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this.
Will be patient and see what price gives us.
GBPUSD : High Probability to Retest Previous Decision PointA strong support level at 261.8 Fibo level, where it pullback and create reverse flag pattern.
I will hold my current short position minimum at first DP, I will monitor during news. If the impact is big, the price may break first DP and go further down to next DP (Strong Key Level).
Good Luck.
GBPUSD 60 min Crab 240min ButterflyDouble whammy! I normally ignore crabs, simply put I don't believe there is much value in the pattern, but I am a biased dollar bull in this moment in time. Hawkish Dove sentiment from the FED will bring the potential butterfly into fruition wwithout a doubt. That being said trade @ your own risk.
GBPUSD 4hr longFellow traders, We all see the massive tumble of the FX:GBPUSD and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol.
This pair is tremendously oversold and reversal is imminent. Time is the variable that needs to be discovered. NFP report for the month of September could bring this level into reach easily not to mention other pertinent news factors. So for me to consider a short I need to see this level be come reality.
XAU/USD - Gold Market Overview - 4th July 2016Overview:
The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance at the level of $1360 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy.
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GBP/USD - Cable BREXIT Roadmap - BUY BUY BUY!!!Guys......
Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular.
Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months.
Like and comment your thoughts below,
TheBanker.
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GBPUSD 725 PIP OPPORTUNITY !!! Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level.
GBP/USD
Overview:
Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation
Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone.
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GU long with trendchannel and 78,6% - Atleast 1:5 RR (wide SL)GBPUSD is lining up with a very good long on both 1h and 4h chart. We have our trendchannel with 2 test of low and 2 test of high, with a possible bounce for 3rd test of low, plus a 78,6% fib retracement in almost perfect allignment.
I've decided to go with a wide SL below the prev swing low, but this is ALOT of room to work with, and you could easily narrow it down (since the trendchannel SHOULD be respected).
For our target, then we have resistance overhead at 1.467, which looks plausibel in relation with the trendchannel