GBP/USD Analysis 01.05.2013Background:
Price found enough demand to halt its current downmove @1.46300 where the current minor rally
broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near
the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak
for returning strenght to the market , if we break the (green) demandline we may head down to at least 1.50280
which is the 50% retracement level of the current rally, any buying occuring at that level can bee seen as a further
sign of strenght , however if we fail to hold this level we head back to the support @1.4630 and any rejection at this
level can be seen as strenght yet again , however we may form a trading range between res.1.55520 and sup.
1.4630 for the time beeing .
Signs of Strenght:
Downmove came to an halt
Broken Supplyline
Signs of Weakness:
Price failed to take out the actual high
Key Levels above current price:
1.5520
1.5870
Key Levels below current price:
1.5028
1.4630
sidenote:
A downmove can only last for so long till their is a change in demand, and the balance of supply and demand
changes in the favour of demand , ie. the buyers are at least heads up with the sellers and stop price from going any
lower , if price then is in equibilirium ie., going sideways most traders agree on the same price "fair value"
value = price over time , this balance(cause) aswell only goes on so long till there is a change in demand and supply
and we have an imbalance(effect) and a new trend establishes till we find balance again..
Shift
Another Free Indicator "SOLD" by HUBERT SENTERS (Power Shift)This day time robbery never ends, He made so far 350 (People per webinar) * 2 (No of Webinars Held) * $297 (Per Person) = $207,900. There is another One to be held. Another $103,950 = $310k
A quick note - $297 special price - The Indicator itself is $497 - WHO IN THIS WORLD WILL BUY? Trust me there are people looking eagerly for edge from indicators. They follow people who lack fundamental MORAL to be a human.
Making $310k from people like us and losing it in the market is not trading successfully. These guys never stop their ROBBERY. Please Spread the word in twitter, fb or what ever. HELP THOSE who would fall for this again.
This so called "Hubert Senter's Power Shift Indicator" is nothing but DMI +/- Lines plotted as Histogram.
Few Robbers with indicator sales, Simpler Options, HUBERT SENTERS, Microquant, power cycle, big trends, and more to be added to the list. - He is known for stealing indicators and markets them.
Let me know if any of the indicator intrigues you. I can provide a derivative of the same.
Link to the initial marketing video.
- hubertsenters.com
The Methods in his webinar are available as a free resource in Youtube. There are infact 1000+ Videos on how to use this.
STAY AWAY FROM $ Tag Indicators, Unless its is non derivable by yourself.
SPREAD THE WORD, SAVE OTHERS There may be someone to save you when you need.
Double Bottom with Possible 618The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.