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GBP/USD prospect

Feb 08, 2014 12:03 am
4nt5 Translator

Messaggi: 84
Member since: 12/10/2013

Hi guys its been a while, GBPUSD has broken out in early February just as predicted :) I hope you made the move we've been predicting :) I certianly did... see my widget :> Even though its only a demo it looks sooooooo good :P

Ps. the dip was because I sold too early and hit stop loss 

Feb 10, 2014 11:51 pm
Champ User

Messaggi: 711
Member since: 17/05/2011

I think Gbp/Usd will touch 1.6460 tomorrow but in longterm it will be bearish.

I am going to buy it with target TP of 1.6460 and SL of 1.6390.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Feb 11, 2014 11:21 pm

Messaggi: 939
Member since: 21/04/2011

Originally posted by Champ

I think Gbp/Usd will touch 1.6460 tomorrow but in longterm it will be bearish.

I am going to buy it with target TP of 1.6460 and SL of 1.6390.



Correct. Gbp/Usd has already gone above 1.6460 so looks like you have won ur trade.

I think pair will now move sideways and then downwards.

Stick to your rules

Feb 19, 2014 11:10 pm
4nt5 Translator

Messaggi: 84
Member since: 12/10/2013

Hi guys,

Its been a while since I've contributed into the thread, so I thought I'd do a post.

So back in January we all predicted GBP/USD to turn bearish...Boy were we wrong! [dead] (there was a brief drawback though im sure a lot of us lost some serious money there, looking at the red circles).

 

Now that I've zoomed out to look at the charts in longer term, I saw the trend has always been bullish in an ascending triangle (as shown). The instrument seems to have been bouncing withn a range in general, although it is beginning to narrow. 

Judging by my fancy diagram I would say the pair should be bearish for a brief moment but I predict the bottom will be between 1.66 and 1.65, heaven forbid it to break out and reach 1.64 (my broker would officially go ape shit on me if that happens).

 

I think the triangle should continue for a while yet until the first week of march at least. what do you guys thinks?   

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Feb 20, 2014 12:30 am

Messaggi: 939
Member since: 21/04/2011

I think Gbp/Usd will soon change its short term bearish direction and will touch 1.6800 once again. It will most probably keep itself above 1.6600 in this week.

Stick to your rules

Feb 24, 2014 07:21 am
Sasha User

Messaggi: 836
Member since: 16/05/2011

Gbp/Usd has started the trading week with upward move which is mainly due to weak sentiments on Usd. IMO Gbp/Usd will stay bullish for most part of this week.

Mar 17, 2014 06:07 am
ironical User

Messaggi: 734
Member since: 22/04/2011

This week, I am bearish on Gbp/Usd. I think it will go below 1.6500 this week. It fell significantly last week and technically, further downward move is highly probable.

The good or ill of a man lies within his own will. – Epictetus

Mar 18, 2014 01:18 pm
Champ User

Messaggi: 711
Member since: 17/05/2011

Gbp/Usd fell at key support zone. Will it break this level or will it bounce back? I think it will break this key support this week unless fundamentals hold it above this level.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Mar 23, 2014 07:49 pm
Champ User

Messaggi: 711
Member since: 17/05/2011

I am on the side of bears. Gbp/Usd is going to fall further this week. Usd will continue to strengthen against counterparts. It can close somewhere near 1.6300 in coming week or even below this level.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Mar 27, 2014 07:06 am
ironical User

Messaggi: 734
Member since: 22/04/2011

Gbp/Usd has gone above 1.6560 which is key resistance level. This is the second wave of bearish trend which is completed. Third wave is about to get started. Pair can go to 1.6345 in next few days.

The good or ill of a man lies within his own will. – Epictetus