bilbobaggins

bilbobaggins

GBP/USD has been great to me but let's see if it can't be any nicer. If it breaks support it could fall further to 1.38346.

bilbobaggins

GBP/USD just got stuck in a channel that can be played easily if you wait to sell or buy after it bounces off of resistance or support and have other factors that signal a buy or sell play.

bilbobaggins

If GBPUSD dips below the hourly 200 MA it could open up to a deep drop to the hourly 100 MA and 50 MA.

bilbobaggins

The S&P 500 has been rallying strong over the past couple weeks. As you see it might come to a stop. The RSI is high indicating that the the S&P 500 has been overbought. Also the signal line in the MACD chart is crossing below the MACD line thus signaling a short. The final indicator that is might trigger this fall and potential profits is the penetration of a...