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COZforex: GBP/USD weekly outlook, unexpectedly weak US nonfa

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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Fri Mar 18, 2016 2:48 am

The British pound initially fell during the day on Wednesday, but found enough support above the 1.40 level to turn things around. This makes a lot of sense though, because quite frankly the 1.40 level has been historically significant, and of course it is a large, round, psychologically significant number on top of that.
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Wed Apr 13, 2016 1:48 pm

The level at 1.4306 looked as if it was breaking, but the price fell sharply even though it had got about 20 pips beyond that level, forming a bearing pin bar early in the London session which set up a great short trade.
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Wed May 11, 2016 12:36 am

The price action has been more suggestive of a break below the trend line than any other outcome. However in the absence of any major news today we might well just consolidate close to the trend line.
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Thu Jun 09, 2016 3:05 pm

Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.4436.
Put the stop loss 1 pip below the local swing low.
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Mon Jun 27, 2016 2:48 pm

Due to the strong price movements, we have an area of about 310 pips within which the current price lies where it is impossible to judge where probable support and resistance levels might lie
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Sun Jul 24, 2016 8:10 am

The GBP/USD suits for scalpers at the moment and the mixet trend will probably continue, so next week I'm scalping on that market.

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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Tue Aug 02, 2016 2:17 pm

The long-term trend is still bearish and it feel as if another failed stab up to reach resistance starting at 1.3250 should lead to a more sustained move down, to at least 1.3078.
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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Waber » Wed Aug 17, 2016 6:52 am

The GBP/USD goes along the support level and I don't really think it will come back to the upper level, so I'm going to open a sell here today.

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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Boshka » Fri Nov 04, 2016 9:04 am

The GBP/USD seems to be going to go down and I really think the trend will remain the same for a while, so I'm going to open a sell.

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Re: COZforex: GBP/USD weekly outlook, unexpectedly weak US n

Postby Boshka » Wed Nov 09, 2016 9:35 am

The GBP/USD is going down little by little and I really can't see the chart changing its direction in the near future, so I'm going short.

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