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FTSE opened....
Be careful of month end flows out of pound into Euros as bank of england must pay euro zone a fee...
"The UK makes monthly contributions to the European budget which inevitably creates a demand for Euro's as Sterling is converted, and it would appear that Paterson says the Bundesbank is responsible for making the exchange"
GBP/USD ki markeet down ki tarf ja rahi he but is k up hony k chans kafi ziyadha hen and mujhy lagta he ye markeet up ki tarf movement kry gi and is point 1.31354 ko break up kry gi so apko buy ki trade laga deni chahiy ye ap k ley boht faidy mand Sabit ho sakti he i hope Meri is Post se apko boht profit hasil ho ga thanks you current rate is 1.31043
Gbp/usd acha pair hai eis mein earning krna kafi difficult hoti hai kyun k eis pair ki market easily
samjh nahi ati eis tarah eis pair mein loss honey k ziyada chances hotey hain eis ka trend down
hota jaa raha hai
Guys/gals! I have been reading some posts regarding who is right or wrong and to what degree of certainty we can predict the markets. These kind of back-and-forth arguments won't help new members who desire to learn from this thread. We need to always remember that we deal with probabilities and that we trade differently. If you make good money trading, I'm happy for you but avoid the temptation of boasting on this forum. Besides, the markets can play some sneaky one on you, so stay humble. Trade safe and prosper. KP
The main thing to remember is that we trade what we perceive to be probabilities at a certain moment in time. The `picture`we are looking at can change on a dime. Those who have it in their power (especially the guys who are in control of the algorythms) do their best to give us the wrong impression. Don`t forget: if it looks too good to be true, it usually is.
1
Today's market technical analysis for gbp/usd
price 1.3140
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 1.3177
2-Resistance level = 1.3111
3-Resistance level = 1.3244
1-Support level = 1.3111
2-Support level = 1.3077
3-Support level = 1.3044
Gbp/usd acha pair hai eis mein earning krna kafi difficult hoti hai kyun k eis pair ki market easily
samjh nahi ati eis tarah eis pair mein loss honey k ziyada chances hotey hain eis ka trend down
hota jaa raha hai
they will not be in the top 1%, still this is saying nothing about the effectiveness of technical...
That all depends if you are asking if the H&S / H&S Inverted formation is in a down-trend, or in an uptrend. Of course a H&S Inverted will not be respected as much in a down-trend and vise versa than a H&S in a down-trend would. That's just basic logic / Pattern recognition.
Question for you.. How do you predict the TP level of a H&S formation once the neck line has been broken? Let's see, because you said no one can predict the market move - So I'm assuming you don't know?
BTW, you can leave your links in your bookmarks, they mean diddly squat on raw experience and wiki-pedia articles aren't always written by professionals - so they s
they will not be in the top 1%, still this is saying nothing about the effectiveness of technical...
That all depends if you are asking if the H&S / H&S Inverted formation is in a down-trend, or in an uptrend. Of course a H&S Inverted will not be respected as much in a down-trend and vise versa than a H&S in a down-trend would. That's just basic logic / Pattern recognition.
Question for you.. How do you predict the TP level of a H&S formation once the neck line has been broken? Let's see, because you said no one can predict the market move - So I'm assuming you don't know?
BTW, you can leave your links in your bookmarks, they mean diddly squat on raw experience and wiki-pedia articles aren't always written by professionals - so they should be taken with a grain of salt.
Gbpusd maximum price 1.3344 and minimum 1.2820
Support level 1 : 1.3102
Support level 2 : 1.3070
Support level 3 : 1.3044
Upper level 1 : 1.3166
Upper level 2 : 1.3190
Upper level 3 : 1.3220
************** trend sell***************
Daily analysis about trend is buy
Resistance and Supporting level is :
1> Resistance is : 1.3132
2>Resistance is : 1.3145
3>Resistance is: 1.3158
1> Supporting is : 1.3088
2>Supporting is: 1.3075
3>Supporting is: 1.3062