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    Thread: moneygrow's trading journal

    1. #2711
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      Quote Originally Posted by Mez Da Whiz View Post
      I will agree with you as my analysis shows something similar. Using the kumo cloud on ichimoku, price broke the kumo and impulsively sold off as shown



      Price of in a corrective phase and might just continue downwards because of the strength of the bears seems very great. It remains to be seen actually.
      honestly, by looking at this gbpusd pair is trying very hard to change trend but the sellers are not just just ready for that, so from this point it can go anywhere, but i hope its bullish lol. no one knows what will happen to this pair, but has we saw some bullish movement from eurusd pair last week, we should be hoping gbpusd does the same, time will tell, trade safely and have a good trading week guys


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    3. #2712
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      Quote Originally Posted by forexguy9 View Post
      @786pk: yes, mate. i agree the gbpusd pair is heading to the upside this trading week. the pair is hugely in oversold territory and any attempt to go downside would be minimal. the best thing is to buy the pair at every dump.
      i am buying this pair too right now. From what i can see it has been trying to head upside everyday last week and this means the buyers are trying hard to push it up. It might be just correction but i think the correction will be big since the downtrend was big too.


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    5. #2713
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      honestly, by looking at this gbpusd pair is trying very hard to change trend but the sellers are not just just ready for that,
      Sellers are playing role in market from couple of weeks but it does't meant that this trend will never end. we already see the support rejection in last week which mean its time for Buyers to enter in market. many buyers already face huge losses in last weeks but i think this is end of that losses. some of them are also waiting for reversal and their positions may running in big losses. hopefully we will see a clear Bull trend in this week.
      If you can Dream it, You can do it
      Be Bold and Take Risk


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    7. #2714
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      Sorry guys, i just couldnt wait anymore for the bonus to arrive. My finger too itchy to place some orders

      Name:  GBPUSDWeekly.png
Views: 58
Size:  31.8 KB

      Last week we have seen numerous tries by the bulls to push the pair up only to be held back by the bears. Despite all this, the bulls managed to retained more ground and as result on last Friday the daily candle closed in green.

      This week GBPUSD will continue to push up to test closest resistance at 1.3670 region. If by then GBPUSD managed to sustain above that level, then it will go upwards.


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    9. #2715
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      Gbp usd has consistently made higher lows which means that there are more bulls in the market than the bears but price is still below 200 moving average in the one hour, i am anticipating that this should be over as soon as this moving average has been broken and price start to trade above it, that is when the real action that is been awaited will take place.


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    11. #2716
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      Quote Originally Posted by moneygrows View Post
      Sorry guys, i just couldnt wait anymore for the bonus to arrive. My finger too itchy to place some orders

      Attachment 77426

      Last week we have seen numerous tries by the bulls to push the pair up only to be held back by the bears. Despite all this, the bulls managed to retained more ground and as result on last Friday the daily candle closed in green.

      This week GBPUSD will continue to push up to test closest resistance at 1.3670 region. If by then GBPUSD managed to sustain above that level, then it will go upwards.
      Really a good deal, We are expected to see a price rally up In case Close the candle today at 1.2879 to make anew Top above 50.0 fepo line
      To make a new top at 38.2 feoo lone Good deal I wish you abundant profit


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    13. #2717
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      Gbp usd probably needs a push before it can fully go bullish with minimal retracement, die now I amateur perceiving that some major retracement might still take place, it is a possibility but let's keep our fingers crossed to see how it will go, in the four hour time frame, the last candlestick was extremely bullish.


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    15. #2718
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      Quote Originally Posted by Neriah View Post
      Gbp usd probably needs a push before it can fully go bullish with minimal retracement, die now I amateur perceiving that some major retracement might still take place, it is a possibility but let's keep our fingers crossed to see how it will go, in the four hour time frame, the last candlestick was extremely bullish.
      Yes mostly views about GBP USD are about to bullish move but after some price retracement. Today we have viewed that GBP USD is still in bullish mode as per daily and H4 time frame charts and moved almost 50 pips till now. However today closing candle of this pair will clear about the trend. Let see what happened.


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    17. #2719
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      You are talking about gbpusd and some of you expects to change direction upwards
      I think it's early to talk about changing direction but it is possible to rise a little and go back down
      This week we have resistance at 1.3630
      we can buy up this level not down it


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    19. #2720
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      Quote Originally Posted by minokimo View Post
      You are talking about gbpusd and some of you expects to change direction upwards
      I think it's early to talk about changing direction but it is possible to rise a little and go back down
      This week we have resistance at 1.3630
      we can buy up this level not down it

      Yeah, GU is still very much in a downtrend, and any upwards move should be considered as a retracement and not a reversal. In my opinion, GU will be considered as fully bullish when it clocks 1.3800 level, and this I think will be achieved when there is considerable fundamental shift in the outlook of the pair, especially the pounds.


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