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GBPUSD FALLING!!

Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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P3tr4 18 Jun

In line with my prediction, most of the gbpusd moves have been bearish. Current difference between price and target for the contest is less than 20 pips. However, I am inclined to believe that the gbpusd will continue in its bearish run, the instability of the UK government right now is not supporting any bullish runs.

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P3tr4 19 Jun

The gbpusd has turned bearish again and has gone below my prediction. While this is happening, gbpjpy has been moving up, a big disparity between both pairs, and the difference in strength between the dollar and yen. It is too early to discount any bullish trend yet, but the overall outllok for gbpusd is bearish.

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P3tr4 23 Jun

The gbpusd has turned bullish from the crossing of the stoch indicator upwards on the daily chart. This signals good price action and could result in a new high.

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GBPUSD FALLING!!

Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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GBPUSD FALLING!!

Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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Cable rally to continue

Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
This month has seen the gbpusd showing a lot of bullish momentum.
Daily chart shows several days rise, before a rejection from the top bollinger band, with the stochastic indicator crossing down
The bullish momentum is more obvious in the weekly chart, with price testing the middle band of the bollinger indicator.
I expect a pullback before a heavy push upwards towards 1.6
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Bears on The GBP

The pair has been dropping, and has managed to do a minor retracement. I expect the down trend to fully come back into play, with the pair going as low as 1.52 or even 1.5.
The weekly chart above shows the retracement after weeks of decline.
on the daily chart we can see contraction of the bollinger bands, with a bearish candle already forming. A stochastic cross downwards would signal the continuation of the downward trend.
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GBPUSD going up

I am expecting the dollar to weaken over the next few weeks, even though the dollar will end the year high, still looking forward to a bullish correction on the gbpusd. On the daily chart, break of resistance should push price towards the 1.3- region.
On the monthly chart,
this is the fourth month down, a correction is due..
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New week

trading is still a bit slow, account balance is till below 100k....and i am looking for inspiration...
today's poker game was uneventful..i am definitely getting better, but its time to start earning cash prizes from these games..
i have a trade open....hoping for the best, and ready to exit if things get too hairy...happy trading folks!!
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peachynicnic avatar

How long does it take to get to 100k? Keep motivating !!

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Wait new articles :)

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Feel like doing the moon walk!!


Hello folks,
i am currently number 7 on the binary contest table, took a huge gamble and it paid off beautifully..
I think i am getting a hang of binary trading, the single most important factor isn't your analysis but the time set.
My strategy gave me a buy signal on the GBPUSD and i jumped in without any hesitation. Also have a short USDSEK. The week is a bit slow, but i am guessing things should pick up really soon..the USD is showing some slack, but it is too early to say. We should know by…
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Convallium avatar

I congratulate you) you are doing great)

jezz avatar
jezz 7 Abr

hm, i should check it out

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