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8 DEC 16 | GBPUSD | SELL SETUP EXECUTED

Hello fellow traders,
Our GBPUSD setup discussed on 4 Dec 16 has been executed and the pair has shed more than 200 pips from the level of confluence of resistance. A close below the trend line is required to see previous low of 1.19198
DAILY CHART
4 HOUR CHART
I expect the pair to reach 1.2520 before it finds the support and some profit taking may happen there which may result in rising up to touch the horizontal line again where we may witness a big sell off again. Well, this is just a speculat…
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TInna avatar
TInna 9 Dic

very good!

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6 DEC 16 | AUDUSD | A GOOD SELL SETUP

Hello fellow traders,
From the chart of AUDUSD we can clearly make out the formation of an ascending triangle pattern and the horizontal which was previously support may act as strong resistance and the pair may be sold there with tight stop loss just above the resistance zone.
Any comments about the setup are welcome.
Happy trading to all.
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galjasen avatar

Happy trading to you ,too.

TInna avatar
TInna 9 Dic

good luck:)

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