I love thee to the aspects of my sincere thanks and gratitude for this excellent subject and of paramount importance and is very useful and will be
They are the biggest winner in the junior members of the forex market and always forward .![]()
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I love thee to the aspects of my sincere thanks and gratitude for this excellent subject and of paramount importance and is very useful and will be
They are the biggest winner in the junior members of the forex market and always forward .![]()
![]()
![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
pair- gbp/jpy
chart analysis time frame- m30
the price is moving up side from the support at 170.65 level but its not able to break the resistance of the fibo level 50 at the price 171.65 level and again moving down side. if this is break the support 171.30 then its down movement can expected to the 170.50 level. short with the stop loss at 172.00
good luck
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Trading Signal - 11/08/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Downwards Weak
Waiting for the upward break of 171.50 resistance level, which will complete a bullish trend
reversal pattern to go LONG. Only the downward break of 170.70 would cancel the bullish
scenario and take us SHORT.
Support & Resistances
170.70 171.50
170.30 172.40
169.50 173.50
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analysis for today 8 / 12 / 2014
GBP/JPY
Resistance : R1 172.14 R2 172.39 R3 172.59 R4 172.89
Support : S1 170.97 S2 170.72 S3 170.52 S4 170.22
Open : 171.54
High : 171.72
Low : 171.39
Range : .33 Pips
Running Price : 171.53
Strategy : SELL at the level 171.53 stop loss at the level 172.14 target take profit at the level 170.52 or at the level 170.22
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analysis for today 8 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 8 / 11 / 2014
OPEN 171.47
HIGH 171.62
LOW 171.24
CLOSED 171.55
The third resistance (R3) 171.62 - ( 171.47 - 171.24 = 0.23 x 2 = 0.46 )= 172.08
The second Resistance (R2) 171.47 + 171.62 - 171.24 = 171.85
First resistance (R1) 171.47 x 2 = 342.94 - 171.24 = 171.70
pivot points 171.62 + 171.24 + 171.55 = 514.41 / 3 = 171.47
Support for the first (S1) 171.47 x 2 = 342.94 - 171.62 = 171.32
Support second (S2) 171.47 - ( 171.62 - 171.24 = 0.38 ) = 171.09
Third Support (S3) 171.24 - ( 171.62 - 171.47 = 0.15 x 2 = 0.30 )= 170.94
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 8 / 11 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 171.17
Retracement (50%) 171.32
retracement (61,8%) 171.46
Extensions (61.8%) 169.96
Extensions (100.0%) 169.50
Extensions (138.2%) 169.04
Extensions (161.8%) 168.75
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 8 / 11 / 2014
GBP/JPY
Resistance : R1 171.99 R2 172.24 R3 172.44 R4 172.74
Support : S1 170.72 S2 170.47 S3 170.27 S4 169.97
Open : 171.47
High : 171.47
Low : 171.24
Range : 23 Pips
Running Price : 171.39
Strategy : SELL at the level 171.39 stop loss at the level 171.99 target take profit at the level 170.27 or at the level 169.97
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 8 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 8 / 8 / 2014
OPEN 171.84
HIGH 171.92
LOW 170.71
CLOSED 171.16
The third resistance (R3) 171.92 - ( 171.26 - 170.71 = 0.55 x 2 = 1.11 )= 173.03
The second Resistance (R2) 171.26 + 171.92 - 170.71 = 172.47
First resistance (R1) 171.26 x 2 = 342.53 - 170.71 = 171.82
pivot points 171.92 + 170.71 + 171.16 = 513.79 / 3 = 171.26
Support for the first (S1) 171.26 x 2 = 342.53 - 171.92 = 170.61
Support second (S2) 171.26 - ( 171.92 - 170.71 = 1.21 ) = 170.05
Third Support (S3) 170.71 - ( 171.92 - 171.26 = 0.66 x 2 = 1.31 )= 169.40
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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