134.700 being a major resistant. I am expecting a drop again to 134.000 level. However Pair had not made LL> So we had be very cautious here, in my opinion. But i am still favoring the weekly short term reversal candle. Just my two cents . Cheers!
My Bias remain as bearish for this pair hence there aren't any significant changes to the trend. however i am looking closely at 135.300 area where the heavy confluence is. In my opinion above area will decide the short term trend for this pair. Cheers !
I am looking to short again as the high confluence area is acting as strong resistant level (134.500-700 range). expecting the level to act as fighter and push the price down. It has been hard day. few losses but with lessons to learn. Cheers !
Pair is going crazy today : Precaution is better than cure
1HR Trend support had played along with the UK Depreciated data release. Turn to good shorts again. Stopped out two position. Hopefully downside will recover them. I am selling again to 133.700 ish. I have learned from mistake of opening a second trade when the running trade is a loosing trade. Improve daily to become a better trader. Cheers people.
Pair had made lower high ending us with a lovely triangle with good R:R ratios for a BUY Trade. I am targeting no further than 135.00 Hopefully UK GDP will help us to complete the pattern. Cheers!
Pair just broke all the barriers showed who's the boss. and ended up quit lot of uncertainty
Update : I am Selling. Waiting for the 1HR Candle to Close
See the blue lines. Where i am currently buying for 10 Pips and looking to sell from the top. Happy trading people. Cheers !
Potential and Probable Buy Low and Sell High Cheers People. Happy weekend.
134.40 area is one of highest confluence areas where price has been respected. and we have not seen 136.00 physiological number as yet. and also UK government is preparing for a stimulus which will boost the GBP. Nevertheless, Behavior of the market will explain everything in time. Just my two cents. Happy trading people.
134.500 ish might respect and will see another bull run to 136.00 with Brexit expectation in next week.
Just have a look at this guys. It looks very pretty to me. Some good opportunities on the way, probably after the release of UK Financial Stability Report. . Which will release in exactly 1HR 15 Minutes from now. Looking for very quick 100 Pips if the wedge plays it or another bull run to 137.00 which is unlikely as per the current condition.
This wedge pattern can play all of us out, if the 135.600-700 / High confluence area is respected. Actually one of the ''traders idea'' gave me an heads up. So thanks to him. GU traders. Take a note Cheers !
Good Opportunities to buy now. target the fib levels. Long awaited moment
Break to bear would see 134.400 ish and Break to bear would see 135.500 ish
Possible Re test to 134.400-500 which has been the daily strong confluence area will provide the bulls to run faster to 137.00 mark and above. ------------------------------------------------------------------------------------------------------------------------------------------------------- Japan posted a current account surplus of 1,176.8 billion yen in May,...
Some Key Levels - 135.660 is Very Strong Confluence Level. May see some strong rejections.