Haynes6EU's Blog

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Blog 1/6: Buy GBP/USD at the begining of this month

Hi Traders,
The daily chart of GBPUSD shows that price has twice rejected at 1.278 level. In my view: that's a buy signal for going up 1.3 again but path to go up could be face to bear strength at some resistance level.
Good luck to all traders this month
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Blog 24/5: Sell GBPAUD to 1.71

Hi Traders,
The crossed pair GBP/AUD had rallied from 1.6 to 1.76 level for a short time. I expect it's time for bearish correction till ahead UK general election on 8th of June. My first target is 1.71 and second target is 1.68.
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Blog 18/5: Sell GBP and buy CAD

HI Traders,
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below:
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Blog 16/5: GBP go to bearish correction phase

HI Traders,
GBP rallied from 17th of April after Theresa May calls for early general election on 8th of June 2017. The daily chart of GBPUSD shows that short positions covering has stopped and can't break 1.3 level. I expect bearish correction phase from now till before general election on 8th of June and target could be 1.26 level. The market have about two or three weeks for correction before decide new direction: back to 1.2 or break above 1.3 level.
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Blog 5/5: Buy GBPUSD and wait for break to upside

Hi Traders,
We already have two week bullish for GBP. I think that's SHORT recovering process by big speculator on brexit event, this process could be continue. Prices has moved sideway most of the week and it's last trading of the week. There are some important fundamental data will be released (Non-farm employment data and FOMC members speaks). That would be chance to buy GBPUSD and wait prices break out to the upside. Let's see H4 chart below, market is accumulating, so what's next?
Good luck…
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GBPUSD - Short recovering continue!

Hi community members,
Background: this forecast base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: There were a lot of Short GBP position follow by Brexit event but it's time for recovering short position after market denied 1.2 level twive times.
Daily chart: Price is rising and can visit 1.34 in near future. I expect price will move in range 1.28…
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Update 1: Rising momentum has slowed and bull power is loosing. It's could be time to correct and consolidate things gained before think about go far futher. I continue interested in long GBP but at lower price.

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Update 2: prices continue to go up and I expect 1.3 level in a few days ahead. Pound has three bullish week consecutive, uptrend is stable but I think prices will not move quickly.

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Update 3: Last week was a bearish candle, prices decreased to 1.284x level and bounced back to 1.292 level as of writing. The pair still be an up-trend but I'm asking myself that what thing will make price go up above 1.3 when momentum is weak.

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Blog 25/4: Expect another bullish week for GBP!

Hi Traders,
Last week was the bullish week of the pound. I have a simple strategy: buy GBP and wait with expectation that we will have another bullish week.
Best Regards,
Haynes6EU
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GBPAUD - Simple trend line! Is it time to Long?

Hello community,
The crossed pair GBPAUD hit the rising trend line in weekly chart. Is it time to long? GU hit and bounce from support level 1.41; AU have a resistance level at 0.713x.
Good luck to all
Haynes
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GBPJPY - Reversal signal!

Hello community,
The D1 chart of GBPJPY show reversal signal and this pair could continue fall down from now untill find support around 191 level! D1 chart is simple as below:
My final target on D1 may be around 180 level!
Good luck to all
Haynes
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GBPJPY - evening star in weekly chart

Hello community,
The weekly chart GBPJPY show evening star candle on 21st June, price gap down and try to fill this gap but not successful. I expect price will move down from now to test 185 and even 180 level. Look at my chart for detail:
Good luck to all
Haynes
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