Moe's FX Trading Journal

[moe]

lets't see what the market brings us next week.

 

[moe]

let's see if price hold above 1.6055 then where looking at a strong up trend, if not then where in swing mode, withch mean where be going up and down all week, i like trends instead of swinging back and fourth.

 

[neil]

let's see if price hold above 1.6055 then where looking at a strong up trend, if not then where in swing mode, withch mean where be going up and down all week.

Why ?

Show us your reasoning by using a chart plus written explanation

 

[moe]

we had our 1st Support hit on monday now where waiting for our 1st resistance to get hit to confirm our uptrend, if this happens we will see 1.5154 by tommorow. good luck to all.

 

[moe]

GBPUSD Analysis.

After touching 1.5195 previous high, GBPUSD pulled back from 1.5217. However, further rally is still in favor and target would be at 1.5400 area. Key support is located at 1.4872, only fall below this level could trigger another fall towards 1.4500 area.

 

[moe]

look like where in swing mode, up and down, so i expect the trend to be down tommorow, get in where you fit in, good luck to all.

 

[moe]

we should be back around 1.5060 by tommrow, good luck to all

 

[moe]

the trend look like a strong uptrend, but it's not, i can see were droping back down to 1.4985 by tommorow, lets wait and see, any way im going short.

 

[moe]

the trend look like a strong uptrend, but it's not, i can see were droping back down to 1.4985 by tommorow, lets wait and see, any way im going short.

 

[moe]

yeah look like so far where in a uptrend:

http://www.myfxbook.com/members/maurice27/moes-high--low-trading/17327

 

[moe]

downtrend trend is more likely now, 1.4885 or lower.

 

[moe]

the fall from 1.5382 is more likely resumption of long term downtrend from 1.6875. Deeper decline to test 1.4784 previous low support is expected, below this level will trigger another fall towards 1.4500 area.

http://www.myfxbook.com/members/maurice27/moes-high--low-trading/17327

 

[moe]

downtrend trend is more likely now, 1.4885 or lower.

:smart:

 

[moe]

system went live so there no more reporting, wish all luck with your forex trading. god bless.