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Daily Forex Analysis – December 13, 2013
11 years ago
Tuesday, May 18, 2010
GBP/USD UPDATE
Break the horizontal line 1.4500, the trend will start bullish. This trend will consider C in correction. This is the time to make BUY STOP at 1.4500 and target should be 1.4650 and Stop lost 1.4350. Good luck!
LATEST SIGNALS GBP/USD
For a while I can't state any wave neither A or (1)in correction for A. But what I saw a potential position for buy. The trend will bullish until the small red rectangle I guess. Good luck!
LATEST SIGNAL BUY/SELL LIMIT AND BUY/SELL STOP
Monday, May 17, 2010
Saturday, May 15, 2010
Friday, May 14, 2010
GBP/USD UPDATE
As mentioned before, the price bearish until the green area. As shown above, the last bearish candlestick close at 1.4514 in mychart at 12.00 London time. From the trend and calculation if not wrong, the trend will continue to do ranging market in this double session (Europe and US). The white box as shown above, I predict will be rangging and slightly chopping market. This is the time to make decision stay away from the wave or swim the highly tide wave! And it will continue rangging or chopping market until US market close. Beware also the rectangle white colour below (which I stated SELL TRAP AREA). Moreover, today is FRIDAY. So it will influence the MOOD of trader!!!!
Next post I will show you guys the result of my trading for this week. Good luck and happy weekend!!!
Thursday, May 13, 2010
GBP/USD
As predicted before! The price achieved the red line area in completing the correction along the ASIA market. As I mentioned before, when it touch the red line, the wave 3 in intermediate subwave will start. My pending order also executed! Ride the wave and make trailing stop at +100pips. Ride the wave guys!
GBP/USD UPDATE
Welcome back. As I look the trend today, breaking the trendline downward, indicate the trend will be bearish. Anyhow, the candlesticks after the break trendline, shown ranging market at US session. Most probably, there are small correction in the ASIA session. The price will go up until the red line as completing the correction in small range of price (40 - 60 pips). When it touch the red.....the bearish will start again to complete 3rd wave in intermediate. The green colour will be sweet area to buy back or in other words as PULL BACK price! Good luck!
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