Fibo Retracement Level. Check the MACD, It seems blue line will cross the red line which mean a buy signal! Let see the bulls if they will rise again...goodlock. Happy trading!!!
As we approach the EU referendum from BREXIT ANALYSIS", I'm Still Confidence that the effect of this situation will be benefit the EU and GBP. Next week we are approaching for GBP release of news. We are confidence that this is the right time to take positions before the news will come. Have your stop loss when this reco doesn't achieve materiality. MOney Flow...
Moving average suggest that correction may happen any time. The RSI says that overbought level has been reach and started to look bearish as you can see the red candle stick for the last eight hours. Smart money also going out due to some good news in US economy. be careful those gaining high has posibilities to loss high...happy trading day.
Be careful. you saw a fat finger pointing updward. be alert that anytime fatfinger going down is possible. Happy trading
Overbought level has been reach as suggest by the RSI.Need consolidation stage due to GAP UP done this day. The circle line near 38.2 FIBONACCI leve is a good opportunity to buy. Cutloss if 38.20 FIBO level was break. MOney inflow also depicts that smart money has been coming out.
Support is quite far so we will expect another round of 3rd gap down due to upcoming good news in US.....
Beware of Nonfarm payroll release by US. It will totally make bearish for GBP with initial target of 1.200+ to 1.300. Money Inflow is also going out and RSI is pointing downward. Just set your cutloss or enhance the volatility of your portfolio in order to survive...Tomorrow will test the support major for GBP/USD. If this is hold, bullish shark will likely rise...
Its Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart...
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
My tech target is 1.4800, Then 1.5100, near 200MA. Good Entry. Parabolic SAR is also bullish MACD was a cross: Means It will go up.