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    Thread: dzin4aans' trading journal

    1. #3231
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      The biggest concern is brexit because it seems as though that anytime pound finds little strength to rise, "bad news" concerning brexit brings it back down
      In this 4 hour Time-Frame that you uploaded, i see a further fall on GBP/USD and generally other pairs as a result of one bad news or another, This has been a dilemma that the Pound has been facing for over a year now. After the strong bull, A Spinning top has formed and also a reverse hammer, It is not too hard to see that a fall is imminent on this Forex currency exchange trading pair..


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    3. #3232
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      Quote Originally Posted by GhostMode View Post
      In this 4 hour Time-Frame that you uploaded, i see a further fall on GBP/USD and generally other pairs as a result of one bad news or another, This has been a dilemma that the Pound has been facing for over a year now. After the strong bull, A Spinning top has formed and also a reverse hammer, It is not too hard to see that a fall is imminent on this Forex currency exchange trading pair..
      After a rather long downtrend of GBP/USD,this pair is preparing for a turn around. With rejection from sell which we see in the close of this week,I do not believe this downtrend will continue.We should expect uptrend henceforth .


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    5. #3233
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      Quote Originally Posted by dzin4aans View Post
      Yeah awesome mate that my thoughts and ideas have helped you. Look how nicely UJ has fallen again now. For now it looks like a range price action but whenever UJ does these moves, it gives me some idea that there might be more power towards selling than buying in long term


      thoughts on GU? is that the reversal? BOE today surprised us and 3 votes for rate hike... I personally think that the strength on pound might return
      In my opinion, GBP strengthening against USD due MPC Voting result shows that the number of members who approved the rate hike has increased. Previously this was never expected by market participants and on the other hand concerns about trade war make USD weaken. Technically GBP/USD is still in bearish condition, we will see next week whether GBP/USD can reach 1.3400 or not.
      don't use Luck in the trade but it would be better to use Greed
      hoping for something without hard work will not give anything

      dedy hari kurniawan's trading journal


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    7. #3234
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      Quote Originally Posted by Benzone View Post
      After a rather long downtrend of GBP/USD,this pair is preparing for a turn around. With rejection from sell which we see in the close of this week,I do not believe this downtrend will continue.We should expect uptrend henceforth .
      Honestly at the moment I don't know what to think if regarding this pair (gbpusd). I think it is until that we we will know the true direction of the trend, whatever happens, we should just follow rather than getting ahead of the trend. But it's looking likely to be bullish next week.


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      Quote Originally Posted by dzin4aans View Post
      Yeah awesome mate that my thoughts and ideas have helped you. Look how nicely UJ has fallen again now. For now it looks like a range price action but whenever UJ does these moves, it gives me some idea that there might be more power towards selling than buying in long term

      thoughts on GU? is that the reversal? BOE today surprised us and 3 votes for rate hike... I personally think that the strength on pound might return
      i think you are doing right , there might be a small bearish movement this week but it is wise to make long term trade buying.as we can see most of the day GBP economic conditions are doing well and every news of GBP is came positive . somehow it already fall lots and now the time to come back.

      if you look at weekly chart it will give a clear direction.


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