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GBPUSD,W1 Chart Discussion
CrazyTrader
Apr 29, 2015 at 14:59
Here we can have a fantastic inverted Head & Shoulder.
gtnew
Apr 28, 2015 at 20:08
Sterling and Aussie are showing strong impulsive moves upward. Very extended, but looks like the lows are in for awhile. Euro has more headwind, but could break above 1.10-11. We'll see. Lots of data out of US tomorrow.
gtnew
Apr 27, 2015 at 19:59
sliced above the 20wk ema. Daily chart is in overbought territory. Wait for some sort of pullback to buy if not already long.
gtnew
Apr 27, 2015 at 01:35
This week is very data driven. FOMC, BOJ, RBNZ decisions and many leading indicators for EU and US and China. Should be interesting.
gtnew
Apr 25, 2015 at 15:20
Traders are focusing on UK GDP numbers that come out Tuesday. That could be the catalyst for a big move in GBPUSD.
gtnew
Apr 25, 2015 at 15:00
Bullish bias. Ichimoku traders are now long based on the daily chart(there are large numbers of Ichi traders.) 20 week ema has flattened and is currently at 1.5205 Above there further upside could carry to 1.55 resistance. If you look at a monthly chart there is a lower channel line that was broken last December and held on a subsequent rally. It is rising and coincides next week with the 1.55 level. Support would be last week's low around 1.4855. That should hold if longs are right. See Crazy's chart.
gtnew
Apr 23, 2015 at 16:44
last week's candle was a bullish engulfing line and declining 20wk mav is around 1.5190. If we close higher tomorrow, we may get there. My two cents.
Show all 7 comments
CrazyTrader
Apr 24, 2015 at 07:29
Bearish trend is over.
mortenmou
Apr 24, 2015 at 07:30
ok thx
mortenmou
Apr 23, 2015 at 07:21
Hey CT. I´m a new trader, and i like your charts. They are very helpfull. Do you still see GBP/USD as a bearish trend?
mortenmou
Apr 23, 2015 at 07:52
*place
gtnew
Apr 23, 2015 at 21:59
A friend of mine did a study on this a few years ago and determined that time frames under 4 hours are just noise. I'd stick with 4 hours and longer.
CrazyTrader
Apr 23, 2015 at 06:59
Sell 1.5000 SL 100 pips, TP 1.47 area.
gcplau
Apr 18, 2015 at 03:49
totally support your Long EUR
