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So the market was strongly bullish before the candlestick #1 formed and also when candlestick #1 closed.
However, candlestick #2 is completely different from #1. It doesn’t have the strong bullish body. It is much smaller. It has a longer upper shadow which means the price went
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Trading Signal - 06/08/2015 - 10:00 (GMT +3)
Instrument: GBPUSD
Time : 60min CHART
Trend & Condition : Upwards Weak
A Medium probability, entry signal to go SHORT was given at 1.5547 after the market completed a bearish trend
reversal pattern. Only the upward break of 1.5690 would cancel the bearish scenario.
Support & Resistances :
1.5547 1.5690
1.5470 1.5775
1.5340 1.5915
http://dl.dropbox.com/u/51561036/scr...806-221902.png
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Oscillates pair of sterling against the dollar around 50 SMA, and is trying to get rid of the stochastic passivity and gain positive momentum enough to pay the price for the resumption of the bullish trend.
http://i.imgur.com/b6nDc7K.png
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http://postimg.org/image/df0mtg0fv/
according to the daily time frame GBP/USD pair is enhancing the bearish side of the market according to daily candlesticks. Bollinger band and parabolic SAR in H1 and H4 graph are also showing bearish trend of the market. the daily candlesticks are also representing the downward trend of the market the RSI is also showing that market will move into bearish trend so this continuation is also expected even today from 1.5525 to 1.5485. so it is a profitable zone.
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bhai waise to maine Gbp/usd par trade karna band kiya hai, lekin ye pair kafi gira hai, to ab umeed yehi ho rahi hai ki ye pair kafi down hoga, humare liye is par selling opportunity kafi jayda milegi bhai. :)
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Trend: Bearish. Bollinger bands penetrated with strong enough, but not followed by the widening of Bollinger patterns, predicted the market will reach 1.5337 on Fibonacci 161.8
Recommendation: Buy
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GBP against the dollar shows more trading near pivotal support 1.5470, which represents one of the following directional keys as well as 1.5645 resistance, and as we pointed out in our last report, the rate needs to skip one of these levels to determine the following objectives more precisely, which makes us continue to neutral to now .
http://i.imgur.com/w0LUINs.png
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Trading Signal - 11/08/2015 - 10:00 (GMT +3)
Instrument: GBPUSD
Time : 60min CHART
Trend & Condition : Upwards Strong
The market is testing support at 1.5543. We are waiting to see reversal signals in order to reinstate LONG positions, or
alternatively the upward break of the 1.5606 resistance level. Next important support the 1.5500 level.
Support & Resistances :
1.5543 1.5606
1.5500 1.5635
1.5467 1.5687
http://dl.dropbox.com/u/51561036/scr...811-172246.png
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GBP against the dollar traded positively marked yesterday's close of 1.5645 pivotal resistance, resistance to find good form previously broken support line, which shows the image, along with that the stochastic very negative price has forced the pivotal support resides at 1.5470 test.
http://i.imgur.com/Ohyk0wX.png
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http://postimg.org/image/yqpj494rn/
according to the daily time frame, GBP/USD pair is enhancing the bullish side of the market. the daily candlesticks are also showing bullish trend of the market.
but Bollinger band and moving average are representing that market will move into upward trend. the RSI is also showing that market will move into bullish trend so this continuation is also expected even today from 1,5560 to 1.5600. so it is a profitable zone.