Gbp/Usd

date : 4/12/2013

frame : h1

i add my order buy at 1.6386

take profit today = 1.6420

sl today is :1.6320

good luck

http://charts.mql5.com/3/236/gbpusdr...rectdealer.png
Date: 04-12-2013
Time frame: 1h
High and low prices
High today is: 1.6396
Low today is: 1.6376
Total pips today: 20
So sell from: 1.6389
Our target 1 is: 1.6369
Our target 2 is: 1.6349

virtual Day GBPUSD
04-12-2013
DAY -OPEN 1.6388

DAY-HIGH 1.6435

DAY-LOW 1.6345

BY using pending orders

buy limit from 1.6315

sell limit from 1.6460


http://www4.0zz0.com/2013/12/04/08/378835243.png

the pair price already touched daily resistance 1 level 1.6420
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1.6320
so sell now from 1.6375
the pivot point will be my target
stop loss will be above the resistance 1 level 1.6420

Standard pivots

R3 1.65247
R2 1.64802
R1 1.64342
PIVOT 1.63897
S1 1.63437
S2 1.62992
S3 1.62532
http://www9.0zz0.com/2013/12/04/08/774290191.png

gbp usd jo pair hai wo b bohat he best pair hai iss sa ham ko bohat he faida h osakta hai iss liye ham ko iss par b trading karni chaheye q k iss say b aham ko daily earning hoti hai r iss ki movmebt b bohat he achi hai

The GBP/USD had the same sort of movement retracing the intraday push we had Monday which tells me they are running mostly on the USD right now and even though the UK Construction PMI was much better than expected yesterday it couldn’t create the break to the upside. Here again the safe way to trade this is from the high or low of this range. As of right now with price being in the middle of it we could see either side tested for a 40-50 pip trade. Otherwise if it can widen the range here during the Asian session to the upside I will consider the long at the Asian lows with the right price action. If it runs down and breaks yesterdays New York close I will wait for the test of the lows since the possibility of this being an intraday push upwards is there. However having the bias to the upside is not warranted since its gone back into the chop.

analysis for today 12 / 4 / 2013
GBP/USD (Daily Trade)

Resistance 3 1.6457
Resistance 2 1.6427
Resistance 1 1.6407
Pivot Point 1.6390
Support 1 1.6316
Support 2 1.6296
Support 3 1.6266


SELL STOP 1.6316 STOP LOSS 1.6407 TAKE PROFIT 1.6296 OR 1.6266

the trend is still up

if indicates the trend is still trade above from :1.6364
Recommendation: BUY
Take profit1: 1.6399
take profit2:1.6460
Stop Loss :1.6310

pair- gbp/usd
chart analysis time frame- M30

http://i43.tinypic.com/2s9rpfb.png

the price is moving down trend direction with breaking the support trend line this is also making a pull back from the pivot point at 1.6390 level. the price may be hold at the support 1.6345 level but profitable long entry with breaking resistance at 1.6400. hold short position with the stop loss at 1.6400
good luck