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pair- gbp/usd
chart analysis time frame- m15
http://i57.tinypic.com/miihio.jpg
the price is break the channel pattern at the resistance side and move to the daily resistance third level 1.6468 level. the rsi indicator is also showing overbought so down movement can expected as correction. short with the take profit at 1.6447 and stop loss above the 20pips.
good luck.
GBP/USD 2 / 11 / 2014
Resistance 3 1,6530
Resistance 2 1,6500
Resistance 1 1,6480
Pivot Point 1,6401
Support 1 1,6353
Support 2 1,6333
Support 3 1,6303
BUY STOP 1,6480 STOP LOSS 1,6353 TAKE PROFIT 1,6500 OR 1,6530
SELL STOP 1,6353 STOP LOSS 1,6480 TAKE PROFIT 1,6333 OR 1,6303
Updated : 11 feb
movement: 0.006%
Support : 1.6410
Pivot : 1.6515
Resistance: 1.6521
buy from: 1.6472
target: 1.6450
stop loss: 1.6434
http://charts.mql5.com/3/856/gbpusd-...ex-group-2.png
In my analysis I use :
- SHI_CHANNEL_MTF
- STOCHASTIC (5.3.3)
- FIBONNACCI
in 4hours frame
the GBP / USD trades posotively and continues to go up supported by the postive signal coming from the stochastic after that the price has breaching the resistance of the bearish channel so the price finished the correction and continues his bulish trend.thank you and good luck.
Updated : 11 feb
movement: 0.006%
Support : 1.6410
Pivot : 1.6515
Resistance: 1.6521
buy from: 1.6472
target: 1.6450
stop loss: 1.6434
price now: 1.6448
buy price @ 1.6340
profit in pips :108
stop loss :1.6380
Resistance 1: 1.6425
Resistance 2: 1.6431
support 1: 1.6381
support 2: 1.6376
cci(14) : 149.3290
bulls (13) :0.0043
i see the in pair up trend
so i will buy from :1.6449
and my target today is : 1.6489
and target 2 today is : 1.6532
good luck
pair today : down
indicators today : down
the pair try go down the area at 1.6451
my long target 1.6403
then we can see the level at 1.6323
until the level at 1.6284
analysis for today 2 / 12 / 2014
GBP/USD
Resistance : R1 1.6515 R2 1.6540 R3 1.6560 R4 1.6590
Support : S1 1.6378 S2 1.6353 S3 1.6333 S4 1.6303
Open : 1.6449
High : 1.6453
Low : 1.6440
Range : 13 Pips
Running Price : 1.6449
Strategy : BUY at the level 1.6449 stop loss at the level 1.6378 target take profit at the level 1.6560 or at the level 1.6590
Gbp/usd repeated form through the average system, GBP maintains a sideways rhythm. From the map hour trend, GBP / USD in support of average system to maintain the objective trend, short-term high 1.6485 pounds sterling short-term callback callback on resistance, strength, is expected to pound callback support will continue to rise. Short term support resistance of 1.6485,1.6560 1.6420,1.6390.