Technician
Short

GBPUSD: May have completed a bearish breakout

FX:GBPUSD   British Pound/U.S. Dollar
718 13 11
The GBPUSD             has broken below a key static(horizontal) resistance area around 1.66, in addition to closing just below the 50-days SMA today, we will probably head lower, first and initial support is at the rising trend line shown on chart, while a retest of 1.6260-1.6220 support area is possible in my view. Risk limit could be at 1.6717 key high.

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Aqua-Life
2 years ago
I agree. I will look to go short if price gets back up into the support (now resistance) level around 1.6600
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Technician TOP Aqua-Life
2 years ago
Best of luck
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Evild0er
2 years ago
SMA = Simple Mov Avg? Thx in advance
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Technician TOP Evild0er
2 years ago
Yep
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tigerfree
2 years ago
Hi Technician ,

i me new in Forex what do you advice me to do ?

thank you.
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Evild0er tigerfree
2 years ago
http://www.babypips.com/school <--- best source for starters ;)
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tigerfree Evild0er
2 years ago
thank you Evild0er .
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Technician TOP tigerfree
2 years ago
Hi tiger, I advice you to spend a meaningful period studying the basics of trading, then try to trade on a demo account. And then assess if this risky environment is appropriate for your personality. Good Luck
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tigerfree Technician
2 years ago
thanks i will do that , can you thell me where i can learn how to read charts .
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alex.a Technician
2 years ago
No demo account. It doesn't have fear and greed. Use live account but micro lot to begin with 0.01 lot.
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alex.a
2 years ago
agree ~
snapshot
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hello I think the short signal on the weekly chart is only a false signal currently prices are above the 38% level (1.64) and fibo difficimente will drop below this level at least for this week I think it is more correct to look for a signal just long area 1.64
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Technician TOP serpico.salvatore
2 years ago
1.6400 is pretty far 130 pips from current price, that would provide some good profits. Although i see more downside for the pair, probably towards 1.6300 areas.
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