JohnQuid

JohnQuid Updated 

First entry has been hit, waiting for a clear break before entering.

JohnQuid Updated 

Just an idea..

JohnQuid

They have tried to repair the already broken cable but despite this, after several attempts and years of trying fixing it we are now at the offcial beginning of a major downtrend of the once oh so royal currency.. NOTE Technical analysis is very dangerous to rely on, seen the politcal position of the US and the UK in the world alot of FUNDAMENTALS can have...

JohnQuid

LOOKS LIKE THE CORRECTION IS ABOUT OVER!! If we are - and i very much think we do- at the start of the uptrend we can make lots, and lots of pips. ! Here's why, the higher trendline of the BB% is almost being touched with an almost oversold RSI. The same place was back in the 99's 00's at an overbought spot but now it is heading to oversold.The last monthly...

JohnQuid Updated 

If the channel holds and the bb%-rsi break the trendline possible long - good RR If it breaks tries to go back in and rejected look for shorting opportunities

JohnQuid

TRADE (GBP) AT YOUR OWN RISK- STRONG UPMOVE UT BOTH PAIRS ARE WEAK - BREAK OF BB% SOI ASSUME WE ARE GOING TO TEST THE CHANNEL _ FACING STRONG RESISTANCE -

JohnQuid

Next week will be full of suprises, but even with the dollar on the truck i do not think we will rise back up again. If we will break out of the trendline i think we will tag the 50EMA before we will fall to the green line that holds massive support. Based on the MACD and the Slow Stoch i can see there is not much potential for another upmove, the big red...

JohnQuid

If you would have traded my previous idea, you would now have been in profit for 800+ pips. Stoch RSI broke the trendline. On the chart you can see that we have tagged the 50EMA but we failed to close above the trendline. In my opinion this will be the last touchdown of support.

JohnQuid Updated 

After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside. if we are...