garyw2u

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Joined United Kingdom garyw2u
Markets Allocation
90 % forex 10 % other
Top Mentioned Symbols
EURUSD 28% | 6 GBPUSD 28% | 6 NZDUSD 14% | 3 UK 4% | 1
garyw2u garyw2u AUDCAD, D, Short ,
AUDCAD: AUDCAD ready for downtrend continuation?
69 2 0
AUDCAD, D Short
AUDCAD ready for downtrend continuation?

From March/April 2013 AUDCAD was in a long term downtrend but more recently has been moving upwards. In my opinion it may have completed a major retracement and may be headed lower again to the area around 0.91-0.92/ In the very long term the current price levels around parity have been a very muddy area for AUDCAD and with the RBA comments last night hinting that ...

garyw2u garyw2u NZDUSD, D, Short ,
NZDUSD: NZDUSD D1 Awkward Head & Shoulders finished?
87 0 1
NZDUSD, D Short
NZDUSD D1 Awkward Head & Shoulders finished?

With nzd appearing to have broken below 0.81 there is potential for a retreat to the bottom of its previous range, to approximately 0.765-0.77. At current levels a solid move and close back above 0.81 would invalidate this idea. Reward:risk ratio just over 3

garyw2u garyw2u UK100, D, Long ,
UK100: FTSE D1
63 0 1
UK100, D Long
FTSE D1

On the daily chart there is clearly a series of higher highs and higher lows. Provided that todays close doesn't penetrate the previous low just above 6400 I would be looking to establish a long position with a target of at least 50% of the channel drawn, but long term target would be 6900 if it completes

garyw2u garyw2u NZDUSD, 240, Short ,
NZDUSD: Sell NZDUSD after failing at previous lower high by 7 pips
263 0 0
NZDUSD, 240 Short
Sell NZDUSD after failing at previous lower high by 7 pips

Last week nzdusd fell back after hitting the 61.*% retracement of a large downswing, again hit close to it earlier today/last night, except it fell after coming 7 pips lower than previous attempt. Potentially signal of larger downward pressure for a move back to 0.815-0.82

garyw2u garyw2u NZDUSD, D, Short ,
NZDUSD: Head & Shoulders on NZDUSD?
105 0 0
NZDUSD, D Short
Head & Shoulders on NZDUSD?

Daily chart indicating potential head & shoulders nearing completion, potential for a good short trade, selling when break below 0.82 is confirmed

garyw2u garyw2u EURGBP, 60, Short ,
EURGBP: Tweezer top eurgbp 1hr
214 1 0
EURGBP, 60 Short
Tweezer top eurgbp 1hr

With the formation of a tweezer top on 1hr chart just below a previous support level, expect to act as resistance, along with the recent cut in ecb rates and eurozones economic divergence with uk, positioning short eurgbp. Initial target 0.83, entry @ mkt, stop around 0.8415-0.842, may head lower than 0.83, will see how price action plays out

garyw2u garyw2u GBPUSD, 240, Short ,
GBPUSD: Trade the previous levels?
201 2 0
GBPUSD, 240 Short
Trade the previous levels?

GBPUSD previously failed at 1.61 and appears to have done so today as well, potentially go short back to 1.592 with a tight stop at 1.6105-1.611 giving a good reward:risk ratio

garyw2u garyw2u XAUUSD, 240, Long ,
XAUUSD: ABCD on GOLD?
279 0 1
XAUUSD, 240 Long
ABCD on GOLD?

With support looking to be found at 1305-1310, 50% retracement of previous upswing there is the potential for an ABCD pattern to form, with it beginning the CD wave now, targeting 1416. If long, look for possible resistance at 1360

garyw2u garyw2u GBPUSD, 240, Short ,
GBPUSD: 4h neg divergence
309 0 0
GBPUSD, 240 Short
4h neg divergence

price making slightly higher hichs, cci and macd lowere highs hence a short view on gbpusd

garyw2u garyw2u GBPUSD, D, Short ,
GBPUSD: Shorting GBPUSD to hell
288 2 1
GBPUSD, D Short
Shorting GBPUSD to hell

Pin bar peak on 21/08/13, making a lower high from Junes High at the end of an almost perfect measured move. Going down to prospectively <1.48? Will target 1.54 initially, see how price reacts and possibly add to short position at 1.54 if PA dictates a lower move. Entered at 1.5607, SL @ 1.576 TP1 @ 1.54

garyw2u garyw2u EURUSD, 120, Long ,
EURUSD: Short term long
199 0 0
EURUSD, 120 Long
Short term long

With current levels having bounced off a 61.8% retracement of Aug 5 high and Aug 08 High i'm inclined to place a buy at current levels (1.3299) with a target of 1.34 initially and a stop at 1.326 providing a reward:risk of 2.5:1. 1.327 levels previously provided a bounce up to 1.34

garyw2u garyw2u EURUSD, 120, Short ,
EURUSD: EURUSD CONSOLIDATION CLIMACTIC PULLBACK
136 0 0
EURUSD, 120 Short
EURUSD CONSOLIDATION CLIMACTIC PULLBACK

Expecting a period of consolidation with the range beginning at 1.30-1.31 gradually getting tighter to the 1.30 side before beginning next downward move

garyw2u garyw2u EURUSD, 240, Long ,
EURUSD: EURUSD 4H Long
162 0 0
EURUSD, 240 Long
EURUSD 4H Long

With Support tested and held on friday and todays market providing a bounce upwards I am ready to buy with a target of approximately 1.31. When reached, move SL to 1.308 to allow for a slight bounce down from support in case it is able to break through again and move higher.

garyw2u garyw2u EURUSD, D, Long ,
EURUSD: EURUSD Inverted Head & Shoulders
249 0 0
EURUSD, D Long
EURUSD Inverted Head & Shoulders

In my opinion, there is a clear inverted head and shoulders pattern within the EURUSD, with Jan 2012 and Dec2012 lows being the shoulders and the long term low of jul/aug 2012 forming the head. With this in mind, the corresponding neckline appears to have acted as support recently and i expect the same to occur again with this current testing of it. I will wait ...

garyw2u garyw2u GBPUSD, 15, Short ,
GBPUSD: GBP/USD 15M H&S pattern potential
236 0 0
GBPUSD, 15 Short
GBP/USD 15M H&S pattern potential

GBP/USD recently rallied up to test 1.51642, a price point previously tested @ 10am GMT, thus far it has failed to break through. With today's daily high @ 1.5190, lower than yesterdays, this may suggest a swing high occured yesterday making conditions optimal for short entry.. Pattern will be confirmed if price doesn't breach 1.51642 during Asian session and ...

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