Good morning,
While EUR is still following our trading plan, we could take a look at GBP as situation there is more interesting than it seems at first glance:
GBP/USD
Predictive indicators Probability distribution PRO, StatPredict .
Predictive indicators Identify Trend PRO, StatPredict, Profit MACD.
Conclusions:
For four days I am bearish (Profit MACD) on GBP/USD. But significant changes are not expected (ASSUM<1 in Probability...
I want to share my research taken to extract pip range so You can use it and implement it into your trading strategy.
I hope this helps someone because I know it was helpful to me.
CHART - GBP/USD trading session pip range
Next chart shows GBP/USDanalysis how pair is doing through week by...
GBP News and Pairs
Most of the D1 trends on the GBP pairs are now turned to the upside or could easily turn up. After the GBP news if the GBP is strong we would consider a buys on the GBP/USD even thought it is slightly choppy. Also, the GBP/NZD has a lot of room to move past 1.8400, so we...
GBP/JPY – strong down trend in place set sell alarm at 123.90, could drop to 120.00
GBP/USD – set support alarm at 1.5600, room to drop to 1.5400 or lower.
The GBP/NZD also has a fresh D1 time frame trend to the down side, we have no problem selling this pair however we could not...
The GBP/USD and EUR/USD now have strong up trends in place, we would be careful on the GBP/USD on any buy signals due to a lot of nearby resistance. On the EUR/USD check the trade plan parameters below.
EUR/USD – set buy alarm at 1.3365, scale out some lots at around 1.3475, but the trend...
GBPUSD, EURGBP. This past week it was confirmed that the EU – with two consecutive negative quarterly GDP numbers – officially slipped into a recession. With the Brits' biggest trading block contracting, can the UK economy be far behind?
Had it not been for the London Summer Olympics, which...
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