Monday, January 6, 2014

GBPUSD


And we have a not very bad signal for GBPUSD as well.

Price seems to bounced off 4H resistance, major trendline and  Fibo retrace 38.2.

Next resistance gives good R:R ratio as well (at least 1:2 i guess)

Took  a long trade as well.

Any questions please comment below alright?


EURUSD Analysis




Hello traders,

Today it looks like we have a good signal on EURUSD.

As you can see, price has formed reversal pattern over the confluence of Fibonacci retracement 38.2, major trendline ( on daily chart) and closed above daily RBS.

Most likely price will move to next resistance as indicated. We got good R:R ratio it seems around 1:2.

Took long trade.

Let's hope for the best shall we.