Hello People






Okay here Now Gbp/Usd 1.6323 so it Probably going Down Side No Break of moving Down side So Just have look of the Hourly Chart have Give zig zag Down so It Could be Great Opportunity To sell.And If you See the 4 Hour Chart So It also Giving the Support By 4 in 4 houly Chart That Could be the Take Out Position @1.6217. So And So It Is Not only I Just Totally Believe on The Support, But If you Will see The Daily chart then You can Truly Identify the Trend And the main Important Point are Fabo 61.8% is touch on @1.6741 so And So The Next Fabo 50% will be Our 1.6217. So the good Thing Is You can Gain Apox. 106pips. just Carefull About not Putting Your Stop loss and believe The Trend is your Friend..


hourly




4 houly




daily






Regards VINCY BALBOA

While the dollar is expected to accumulate further gains in Q3, these are likely to be sporadic and choppy at best. Such gains are seen more of a reflexive bouts emerging from extended pullbacks in global bourses, rather than a proactive strategies to build long term USD positions. $1.3750 vs EUR, $1.62 vs GBP remain key resistance levels for the US currency to breach. Meanwhile USDJPY upside faces more substantial pressure at 97.50-98.

once more you fail to post the complete analysis from actionforex so I will help you out here.


Despite edging higher to 1.6742 early last week, GBP/USD failed to sustain above 1.6661 resistance and reversed back into prior range. The development argues that the rise to 1.6742 was a terminal impulse and after triangle consolidation and thus GBP/USD has topped out already. However, this is not confirmed by a break of 1.6232 support yet and hence, short term outlook remains neutral for the moment. On the downside, considering bearish divergence conditions in 4 hours MACD and RSI, break of 1.6232 will indicate that 1.6472 is at least a short term top and some deeper decline should then be seen to a test of 1.5810 support next. On the upside, however, above 1.6544 will suggests that fall from 1.6742 is merely a pull back and recent rise is not completed before another high above 1.6742.

In the bigger picture, rise from 1.3654 is treated as the third leg of the correction that started at 1.3503, which correct the larger down trend from 2.1161. Such rally from 1.3654 should be in the last stage after meeting target zone of 1.6428/7332 (38.2% and 50% retracement of 2.1161 to 1.3503). Indeed, considering last week's sharp reversal, and with daily MACD breaking its down up trend, such rise might have completed at 1.6742 already. Break of 1.5801 support will now be an important signal that the whole correction has finally completed and will turn focus to next key support of 1.4984 for confirmation. Meanwhile, while another rise cannot be ruled out, focus will remain on reversal signal as we'd expect the whole correction from 1.3503 to conclude inside this 1.6428/7332 area.

In the longer term picture, as discussed before, the corrective nature of the multi-decade advance from 1.0463 (85 low) to 2.1161 as well as the impulsive nature of the fall from there suggests that GBP/USD is now in an early stage of a long term down trend. Current rebound from 1.3503 is treated as a correction in the larger down trend only, rather than the start of a new up trend. Hence, the long term down trend is still expected to resume after completing such correction. However, sustained break of 50% retracement of 2.1161 to 1.3503 at 1.7332 will argue that the long term trend in GBP/USD is indeed already changed and we'll reassess the bullish potential in that case.

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Don't Chase the market let the market come to you

exactly

like vincent who fails to post the entire analysis, but has since edited his post to take out the partial.

__________________
Don't Chase the market let the market come to you

one more thing also...please do not advocate trading without a SL, that is not trading but gambling, trading IS ALL ABOUT MONEY management and MM is about risk and to control risk you need stops.

I am not sure how long you have traded but I have seen cable take a plunge and a rally equal to the GJ almost in its violence. I have seen GJ fall 1200 pips in seconds and GU more than 500 pips.....now imagine no SL

__________________
Don't Chase the market let the market come to you

Support Resistance Levels 6 July 2009

1,6402 - 1,6419 - 1,646 - 1,6504 - 1,6535

1,6348

1,6249 - 1,6205 - 1,6178 - 1,6148 - 1,6098

support resistance

Hi Cody


How Are you mate?



So Good that You Mention New Traders about Money Management etc..!!

So Dont talk about how Long trade or what ever!!!

I have been Trading When I was 15 year Old Now I am 18 So It is Quite long Time No Need what you have Mention on Your Post Mate..


So Talking about Gbp/Usd, Mate You Miss the Opportunity Doc I have said to You i wont give any Bad Analysis Report I have Made To You should try It Mate...to sell


okay Now Gbp/jpy Chart are Look Like that..


4 hourly Now 1.6323





My Previous 4 hourly Chart 1.6270








REGARDS VINCY BALBOA

Price action with GBP USD has recently left me scratching my head, especially with the pair currently in inversion time period (ITP) for both ITD and MTD time frame.

But it looks now the situation is becoming a little more clear and here's my latest count that I am using.

In the ITD chart, we see that LTD 15 high arrived late at 1.674.
ITD, MTD, and LTD are therefore now all travelling down.

ITD 4 low will be due around July 13.
A break of MTD 1 at 1.58 is required to confirm the position of LTD 15 high.

Although all time frames are now travelling down, LTD 16 low is going to arrive not too long from now. I circle the LTD 16 low time zone. I think it's likely that the downtrend will last until mid August as per my circle.

Looking at bigger picture LTD chart, once we finish this LTD 16 downmove, we'll rally higher one more time from probably around mid August to November of this year.

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Twitter: http://twitter.com/deltatrading

Been long since 1.6107 targeting a correction of 1.6290 before any more down turn

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hi TheSterlingBull
when is the right time to buy can u advice pls?
what is the nxt target?

thanks
sean

hi TheSterlingBull
when is the right time to sell can u advice pls?
what is the nxt target?

thanks
sean

As far as Im concerned there is never a right time to buy or sell, just go with the flow and I cant advice you because I dont know what your risk tolerance is

Monthly pivot heading to 1.6000

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anyway if you read my previous post, I mentioned that I expect a correction
to 1.6290 (which is my target for longs im holding) before any major pullback

Nice call Sterling!!!

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Live Long And Prosper!
Rickos.

16228 now
should start down now.
16230 resist, 13950 eur resist.
4x week3 #2 if on time is now.
stock broke 8259 major...will go for 7+++
major gbp downtrend reversal..my 3cents.
all the best..panda eyes