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While the pair continues to hold the 1.6070 level then buy look quite normal, there was a small correction, but it seems like now the price is again beginning to show off the top in the direction of the main trend of today ... so I recommend you buy with a stop below 1.6070 and 1.6250 targets.
GBP/USD (a 4-hour chart)
8 October 2013
Trading Recommendations:
It is likely that having entrenched below the resistance level1.6050; the price will not be able to break it up for upward correction today. The consolidation near 1.6050 may serve as an exception, after which there will be the downward trend continued until the next support level 1.5950.
If the price falling does not stop at the support level 1.5950, there will be a rising trend line retest 1.5920.
http://dl.dropbox.com/u/51561036/scr...008-161919.jpg
Data Tipe = Pivot Point
Pair= GBPUSD
Time Frame = Dayly / 2013.10.08
Resistance 3 = 1.6208
Resistance 2 = 1.6154
Resistance 1 = 1.6124
Pivot Point = 1.607
Support 1 = 1.604
Support 2 = 1.5986
Support 3 = 1.5956
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation
GBP/USD pair is now up trend. The price already touched daily pivot point (1.60715). I think the price may touch Fibonacci 100.0 level.
http://i1311.photobucket.com/albums/...ps955300c4.jpg
Last hour candlesticks are aggressive northern character (judging by the long lower wicks pair has found a buyer), now there is growth but it is still limited horizontal resistances of 6100, the purchase plan to open only after a 6100 - this should open the way for 6140 and 6180 and the North trend can again be restored.
Couple shows today northern aggressive growth rate steadily broke through first-slip alligator and then the pressure of the bulls also could not resist, and the upper zone of medium-term fractals 6100, worth noting that a break of this level took place almost effortlessly, from today forward to the continued growth of couples with access to the 6180 - 6200.
the pair broke fibo 61 to up way
stochastic refers to up way also
so the target is buy the pair to fibo 50
if the pair broke fibo 61 to down way we will cancel the up view
http://www11.0zz0.com/2013/10/08/13/368450233.png
GBP/USD intraday: Going BEARISH Trend.
Pivot@ 1.61
My choice: Open SELL positions less than 1.61 with targets at 1.603 and 1.6 in extension.
Alternate choice conditions: Higher than 1.61 start looking for more up-side with 1.6125 and 1.6165 as targets.
http://dl.dropbox.com/u/51561036/scr...008-230036.jpg
hi
i am much in trouble because I am getting lost with it .i am under 44pips of profit i make this is very bad situation for me .can some one tell me today what is maximum value that it reached i buy it at 1.6120
today i like to buy this pair @ 1.6040
my stop loss of the day @ 1.6015
half take profit for today @ 1.6075
and further half take profit @ 1.6093