Hi guys, further to our last post we mentioned that we had a live trade running which was USDCHF. Now that the trade has started falling nicely we thought we'd update you all with how it was going. Currently we are running +20 PIPS in profit and are hoping to reach our take profit this afternoon. We will update you all very soon on our position on this trade.
Hi guys, hope you all had a good bank holiday, we came into this wee with a few pairs lining up nicely. The first trade which was entered on Tuesday melted straight towards our TP1 for 30 pips and then continued to melt all the way to our final TP2 for a further 65 pips. Altogether we achieved a massive +95 pips within the first trading day of this week and have...
Price has broke through the 1hr support line and came back up to retest. I'm predicting the price to carry on dropping down to the next support level. Price is also respecting the EMA very well on 15min time frame.
Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some...
According to my analysis and the strategy that i am using, the market is still going to drop
As we can see the buyers have tried to push the price but they failed to do so
EURGBP is melting like an ice cream on a warm summers day. Second time this week we have taken advantage of the bears on EURGBP. We entered earlier this morning with an entry of 0.86745 and we are currently sitting comfortably in profit. We are going to patiently sit on this pair to hopefully see price reach our Take profit Zone at 0.86089.
Starting to make lower highs and lower lows, and just broke through 200ema and used it as support before a bounce downwards, strong SHORT on the weekly!! (Can look for entries on H1/H4) BIG PIPS! This is a Swing trade.
On the 1hr chart, we can see price has previous rejected at the current 1.68250 level. Creating a resistance zone.
I'm expecting price to retrace back to the highlighted Support Zone.
You can see from at the end of last week, price broke the ascending trend and has retested. This usually indicates a heavier sell off.
When you bring out the Fibonacci, you can...
Divergence spotted with GJ.
Accompanied with the Stochastic Indicator showing an oversold market.
We will be aiming for the previous support zone as we anticipate the market sells off.
Further to our analysis yesterday of GBP/JPY we are due to see a fall on the pair. Price yesterday was bullish therefore we didn't send the signal out to the group as there was not enough confirmation to see any bearish movement due to the british pound being so strong.
A day later and we believe we are ready to see that British pound drop to as low as 144.300...
Looking at the 1 Hour and 4 Hour Charts. we can see a strong descending trend.
1.57700 was previously a strong Support, but has since turned into resistant level as a new higher-low has been created. Price tested the previous support and was rejected and therefore following the descending trend.
We have seen the 50 day cross over the 100 day Moving Average which...
