Блог Daytrader21

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Cable Is On The Verge Of Exploding

I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price. The weekly chart displays a possible bullish triangle (see Figure 1)which recently was broken to the upside. If we manage to close above 1.6350, on a weekly basis, there is a high probability that cable will see a dramatic upside movement. However the most important point is the last swing high 1.6738 which is a critical point in order for cable to experience a really big move. Since the…
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Daytrader21 avatar
Daytrader21 15 Февр.

Update 1: As of today we're only 40 pips away for our target to be hit. We should expect to find support at 1.6570 which should limit any downside as we should expect to see some minor correction after the recent rally

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Daytrader21 22 Февр.

Update 2: Our target has been hit and we saw a perfect timing as soon as we hit our target we had a sell of and a correction from recent strong rally. the trend is still to the upside so I'm expecting the current correction to stop at 1.6560 previous swing high which should provide some support and see the next up leg

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Daytrader21 1 Март

Update 3: As expected from my previous update 1.6560 acted as strong support and we headed back higher staying in a tight range with 1.6770 resistance and 1.6580 strong resistance. After hitting our target the market didn't move much and now we're only 40 pips away from my 1.6790 target. the market has broke higher showing signs of strength and there is a high probability that Monday after London open to see the market pushing up to meet our target as the 1h suggest there is a strong supply level there.

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Daytrader21 3 Март

Update 4: Right now the market is in a very tight congestion with 1.6770 resistance level and 1.6700 support level, and we need some order flow to push the market above Friday's high 1.6770 in order to have any chance to get even closer to my target. Right now the market may be distorted because of recent developments in Ukraine

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Metal_Mind 4 Март

You beat me with 0.01% .:)) Some competition this month :))

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2014 FX Market Outlook - AUD (part 3)

Although for the current contest month I'm out I'm still going to try to bring back my account at BE after suffering 80% loss in the first trading day, and this mean that I should make 400% to bring back my account to 100k, but I'm a fighter and never give up. So, I'm still going to make blogging as I really enjoy it so I'm going to continue with my 2014 FX Market Outlook blog series. This time we're going to look at Cable, you can see check my previous blog post here: …
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floge avatar
floge 6 Янв.

"I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price" - i'm aware, the big test is on this area, must breakout 1,70 to run away, have she legs? will see :-D

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Daytrader21 6 Янв.

Definitely GBP is one to watch in 2014 but patience is required and also flexibility if market doesn't follow our plan

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HOANG_MAI_NHI 7 Февр.

EURUSD strong up after statements released

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Major Advance Could Occur in the Cable

I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price. The weekly chart displays a possible bullish triangle (see Figure 1)which recently was broken to the upside. If we manage to close above 1.6350, on a weekly basis, there is a high probability that cable will see a dramatic upside movement. However the most important point is the last swing high 1.6738 which is a critical point in order for cable to experience a really big move. Since the…
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Yami avatar
Yami 11 Дек.

Good Luck Bro :)

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