Gbp/Usd Trading Room

[moe]

A 24hr Discussion Room About The Pound /Dollar.

 

[moe]

GBPUSD Analysis.

GBPUSD might be forming a short term cycle bottom at 1.4110 on 4-hour chart. Near term resistance is at the falling trend line and key resistance is located at 1.4360, a break above this level will confirm the cycle bottom and then further rally could be seen to 1.4500-1.4550 area. Initial support is at 1.4110, only fall below this level will signal deeper decline to 1.3800 zone.

 

[moe]

the trades you see in the account statement above is from a new system that i have built its still in testing mode, i been posting my results in the journal section, i will also try to post my results and open trades in this thread as well.

 

[moe]

open trades.

Long at 1.4267
s/l - 1.4150
t/p - 1.4603

 

[moe]

This pair is jumpimg all over the place, thats tells me where in for a big move, in my case im hoping to the upside. LOL

 

[moe]

my system is telling to long, are you short?

 

[moe]

open trades.

Long at 1.4267
s/l - 1.4150
t/p - 1.4603

ok i gots to get some sleep , will check back in, in about an hour

 

[moe]

open trades.

Long at 1.4267
s/l - 1.4150
t/p - 1.4603

i also have a sell stop at 1.4150, s/l 1.4330, t/p 1.3859

 

[moe]

anybody else has a views on where this pair is heading?

 

[moe]

moe - there's still some downside.

It's not clear what TF you're trading, but 4337 is major Resistance and if it goes below 4259 (it's almost there as I post) it may well travel to next major Support at 4223-4227.

If that also breaks, I can see alot of short play to 4150.

To the upside? Possible, but I'd need to see it test 4337-4342 from the top to be convinced.

it's a tug of war atm, shorts still can be in play, won't touch short till it hits 1.4150 :idea:

 

[bbmac]

There is a new ascending support trend line on 1hr and that area marked in blue clearly had some demand...other than that 61.8% of 3652-4776 and 76.4% of 3842-4776 reside at 4082 and 4062 respectively, the latter being some minor previous swing highs too on 1hr.

The narrower marked area has also see demand/supply then demand again more recently

G/L

 

[Joey25]

anybody else has a views on where this pair is heading?

From a long-term perspective, and provided today doesn't close below 1.4050:

February formed an inside bar (indecision), and March has had a fakeout (rejection) of February's lows.

Possibly a bullish reversal pattern.

I've marked on the chart 2 previous times this has occurred on the Monthly chart - the first a reversal pattern, the second a continuation pattern.

Good trading Moe,

Joey

 

[bbmac]

The 4hr descending resistance trend line (as yet un-tested) and ascending support trend line (1 test) are shown in pic below;

 

[moe]

this pair hasn't move much today.

 

[bbmac]

this pair hasn't move much today.

Area of 38.2% [4108-4338] has been supportive so far in london session

 

[moe]

ok back to sleep, see you guys when u.s. open in about 1 and half hours.

 

[moe]

Area of 38.2% [4108-4338] has been supportive so far in london session

so where do you think this pair is heading, north or shouth?

 

[moe]

she comes alive :clap:

 

[moe]

 

[moe]

You watching a different feed to me?

:whistling waiting for this thread to come alive