If GBPUSD closes below drawn trendline in black, it has a chance to fall further to the region in green. ( See illustration) If you are late for this trade, wait for a pullback to the neckline of the double top pattern for a potential re-entry. This
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Read more →This is a review of a trade that I planned and was triggered base on my trading plan that turns out sour. Winning and losing is part and parcel of our trading lives but there are two main things we can control and that is our trading
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Read more →Despite tremendous V-shaped gains since May, the GBPUSD has not managed to beat its opening level at the beginning of 2010. Where will it go in 2011? Monthly chart From 2002 to 2008, GBPUSD has been trending up non-stop until it hit a high of 2.1. The
Read more →The game plan for GBPUSD posted on Monday, 6th December 2010 After posting, GBPUSD indeed went down more than 100 pips from the top to the support zone of 1.5660, whereby it opens up a 3rd opportunity for those who missed the 1st and 2nd train. Update
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Read more →GBPUSD is seeking attention on the daily uptrend equidistant channel at the moment. Price seems to break out of the channel on Friday 22nd October, do look out for a WR of the ED channel in the coming week if ever price goes back up. For a
Read more →Planning for a potential EWUS trade in the GBPUSD On the daily chart of GBPUSD, we can see that price has been obeying the uptrend equidistant channel. However, what’s interesting here right now is that, on Friday 15th October 2001, GBPUSD breaks above the previous high of
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Read more →On the daily chart of GBPUSD, price is moving inside a down trending equidistant channel. Besides that, we can also see that price is doing a “Lower High” and “Lower Low” each time marked in the chart shown above. Currently, price is near the equidistant channel top
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Read more →Big moves in the major pairs and crosses were made between Thursday and Friday (26 – 27 Nov 2009). This is a worthy incident to look at and learn from. Lets recall the incident: The pairs involved made moves that exceeded their usual daily range They show
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