Open trading account 
In this blog post I want to take the time and go over my latest trades and give few reasons as why I took them. First trade I want to talk is GBP/JPY as yesterday I took a short trade on this pair in anticipation of further downside movement. I was expecting more downside pressure on all GBP pairs due to the UK General Election risk. But for the time being the market has proven me wrong. This trade was quite fast because as soon as my short entry was triggered it started moving against me more t…
Daytrader21's Blog
EUR/GBP Breakout mode
I've posted this analysis that you're about to read in the Technical Analysis Contest, you can find the original post here: EUR/GBP Breakout Mode The moment I've made this forecast EUR/GBP was trading at around 0.7470 now we're trading at 0.7211.
EUR/GBP has started shifted to the downside once we broke the major support level of 0.7700(see Figure 1). This is a major support level since it was support level in 2008 and than in 2010, but once we managed to break and close below it the momentu…
EUR/GBP has started shifted to the downside once we broke the major support level of 0.7700(see Figure 1). This is a major support level since it was support level in 2008 and than in 2010, but once we managed to break and close below it the momentu…