Great Britain Pound vs US Dollar H4 Live Forex Chart

GBPUSD,H4 Chart By James_Bond

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James_Bond
James_Bond Nov 06, 2012 at 08:57
I don't remember how this pattern is called, but I'm quite sure it's pointing down..there is not enough momentum at this point to go up
blackhawkfx
blackhawkfx Nov 06, 2012 at 07:01
Your support line is valid in this case?
James_Bond
James_Bond Nov 06, 2012 at 08:54
Looks like it still is :)
James_Bond
James_Bond Nov 05, 2012 at 15:16
Waiting for a bounce off support to enter long. If it breaks, wait for a pullback to go short.
James_Bond
James_Bond Oct 28, 2012 at 21:40
Looking good. Target is way back at about 1.5900, SL is 1.61770
James_Bond
James_Bond Oct 25, 2012 at 15:26
Check the green channel - selling now
James_Bond
James_Bond Oct 24, 2012 at 13:05
Selling now!
James_Bond
James_Bond Oct 23, 2012 at 11:11
Price is going downwards..going to rethink my plan
James_Bond
James_Bond Oct 23, 2012 at 11:14
Ok, done
CENTREFOREX
CENTREFOREX Oct 23, 2012 at 05:27
channel was good but it was trading inside the trading arrange so we have to wait for channel support and resistance for new entries , only we can play like this only
James_Bond
James_Bond Oct 23, 2012 at 06:49
Yes, I agree. Currently price is inside the crossing area of all 3 channels, which is holding the price in a tight triangle range - waiting to see which way it break and then take the ride.
Outsiders
Outsiders Oct 23, 2012 at 08:28
im sure that the market sentiment still bearish, long only the bewst way to suicide
James_Bond
James_Bond Oct 22, 2012 at 13:50
Any thoughts?
James_Bond
James_Bond Oct 22, 2012 at 13:47
Red channel - the broken
Purple channel - Possibility 1
Green channel - Possibility 2
James_Bond
James_Bond Oct 22, 2012 at 13:46
Colored the channels for clear reading :)
James_Bond
James_Bond Oct 22, 2012 at 13:44
Price is stalling - trying to decide which way to go, my way or the high way :)
James_Bond
James_Bond Oct 22, 2012 at 12:14
Price has broken current channel and formed a new one.
We will ride the new channel until resistance is hit.
James_Bond
James_Bond Oct 22, 2012 at 12:15
SL is a few pips below the previous low
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