Community
Blog
Metal_Mind's Blog

Metal_Mind's Blog

Avatar

GBP/USD - 5 Years Range!

Metal_Mind Posted 28 Feb. as Analysis on GBP/USD, Target: 1.6628, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/USD #Pattern #Double #Triangle #Top #Bottom #Range #Widget #5 Years

Charts: 4Hours, 1 Day,1 Week.
Indicators: Fibonacci Fan Lines,Fibonacci Retracements, Pattern Analysis Widget,EMA 200,100,50.
Current Level :1.6757

GBP/USD on a 4 hour and 1 Day chart looks ready for a retracement and range in the month to come.On the weekly chart we can see the pair completed a double bottom & double top formation last month and continue climbing 50 pips into an area of major resistance zone of previous highs for the last 5 years ago.
The pair has made another …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

6 Comments
View 1 more comments
Metal_Mind avatar
Metal_Mind 27 Mar.

UPDATE 1 : This prediction seem to be played out pretty well. The target has been retested at least 2 times now and  the price action is  hovering  between it. Current price level is 166.09 that beeing only a 19 pips deviation from target. This could be an extremly close prediction  if we would close the week without any major news releases.

Metal_Mind avatar
Metal_Mind 28 Mar.

UPDATE 2 : EXCELENT PREDICTION. The quality of the chart & prediction is overwhelming.I succeded to forecast accuratly the pound plummet.The market  has closed at 1.6643  price level.The target has been reached in the procces and current deviation is  15 pips. The prospects are great. I am a little worried though since we have 1 more day to go and the trend is strong  bullish. WIth that in mind the price might overshoot.

Metal_Mind avatar
Metal_Mind 31 Mar.

UPDATE 3:Current price level is 1.6665  which  increases  and almost double the deviation to 37 pips from previous 15 pips. The trend looks bullish,and from the look of it  the devition might increase even more. It is such a shame since  this prediction was very good.

Metal_Mind avatar
Metal_Mind 1 Apr.

FINAL UPDATE : The price at the time of settelement was 1.6636 narrowing the  deviation to 8 pips . I am very happy with the result .

rokasltu avatar
rokasltu 2 Apr.

Good job!

orto leave comments
Avatar

GBPAUD - Double Top

Metal_Mind Posted 27 Oct. as Analysis on GBP/AUD, Target: 1.6608, Date: 2nd of December, 12:00 GMT  in #Technical analysis #AUD #GBP #GBP/AUD #Support #Fibonacci #Double #Top #Fan Lines #Background

Charts: 1 Day,1Week
Indicators: Fibonacii Fan Lines, Support & Resistance Level , MACD, EMA 200,100,50,Time Markers.
Current Level :1.6863


GBPAUD has formed a double top formation, as can be seen on the red background of the chart. The trend has pulled back and now looks like a bearish start up. Both tops of the double top formation have each stopped at a fibonacci fan lines. The current level is (1.6863) and recently the trend found a support at (1.6643) from which had a strong …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Maria_r avatar
Maria_r 27 Oct.

+1 Like

Daytrader21 avatar
Daytrader21 28 Oct.

Never trade this pair before, don't find it to have enough liquidity.

Metal_Mind avatar
Metal_Mind 21 Nov.

UPDATE 1 : THis prediction is wrong. It seems the pair had an extraordinary liquidity this month. Daytrader you may start trading it again :)

orto leave comments