SILVER SET UP WITH ANALYSIS ON CHART - SHORT PLUS LONG SETUP MY THOUGHTS ON SILVER HAVE NOT CHANGED SILVER SEEMS TO BE CONSOLIDATING JUST AS EXPECTED AND WE WILL HAVE A REALLY GOOD BREAKOUT SOON (previous chart is on chart) WILL BE LOOKING TO SLOWLY CHANNEL DOWN OVER THE NEXT FEW DAYS AHEAD OF THE FOMC WHICH I BELIEVE WILL STAY THE SAME I DONT THINK THERE WILL...
$GBPUSD is a trade we have been in for a couple of months and while the trade is in profit, it is currently trapped in a range and going sideways. Will now stand aside and wait for a new set up.
Hi guys, This week the EURGBP hit the highest price after around three years. This area would be a strong consolidation period because, most traders believe that the history repeats it self and it is time to repeat and reverse the trend.; so traders will wait to see what is going to happen.
The EurUsd rallied after the Fed's decision to keep its rates unchanged. I would expect a consolidation today, with 1.13490 as an objective, and 1.14412 as an upper limit. (its hourly bollinger band is broken, suggesting it should re-enter its BBs). Breaching the upper limit will induce a further upward movement towards 1.14851, with 1.146 as a primary...