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DAILY ANALYSIS

Friday ended with a huge bearish engulfing candle (closing below two blue candles); however, Cable still hasn’t been able to break through critical resistance or critical support. Since she’s been in there so long, it is probably wise to wait for a close above critical resistance or below critical support before putting in another order. We will sit this one out until then
 

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DAILY ANALYSIS (26.5pip profit)

Cable finally broke out of its sideways rectangle with a healthy tall blue candle (refer to highlighted candle). This is very bullish. However, it is Friday tomorrow and we have resistance (target area) pretty close up ahead so it would behoove us not to be greedy.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X

TRADE RECOMMENDATION:

Place buy order @ 1.63036 @ 5pmEST. Stop @ 1.59698. 1st target would be at the 1.6400 area.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam
 

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DAILY ANALYSIS (18.8pip profit)

Today’s candle closed into resistance zone and also closed above yesterday’s high which is very bullish. However, we’re still in the resistance zone, so we have no guarantee that she’s going to go on.

What’s the verdict?

Read full analysis at: DAILY ANALYSIS (18.8pip profit) « TECHNO4X

TRADE RECOMMENDATION:

Place buy order @ 1.64302. Stop @ 1.62371 Valid until tomorrow 5pm.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam
 

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ANALYSIS (158.40pip profit for the week)

I’ve marked the head and shoulder again with blue ellipses and the neckline with black trend line and I’ve also marked the major major resistance area that the market stopped at last week (refer to horizontal red line) and I’ve marked the major major support area that sent the market up there (refer to blue horizontal line). I’ve done this to give an overall picture of where we are with Cable right now. Because we got such an aggressive bounce off of major major support area, we find ourselves above the neckline of head and shoulder again and therefore back into major consollidation.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS « TECHNO4X
 

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DAILY ANALYSIS (116pip profit)

Cable has presented a very interesting scenario. By the end of this past week, it had completed an upside down head and shoulder pattern (refer to yellow eclipses and yellow neckline) that is check mating the previous head and shoulder (refer to metallic blue eclipses and metallic blue neckline). Which one is going to come up with the winning move?

What’s the verdict?

READ FULL ANALYSIS AND TRADE RECOMMENDATION AT: DAILY ANALYSIS (116pip profit for October) « TECHNO4X

See latest trade results at: DAILY TRADE RESULTS « TECHNO4X

Blessings
Techno4xteam
 

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DAILY ANALYSIS (107pip profit)

Our sell recommendation panned out and gave a profit of approx. 107pips (we took profits at the metallic blue neckline of the metallic blue head and shoulder pattern). This afternoon the daily candle, completed what we call a bullish flip flop giving a buy setup.

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS (107pip profit) « TECHNO4X

TRADE RECOMMENDATION:

Consider placing a buy order @ 1.64598 with stop @ 1.62578 at 5pmEST. Valid until tomorrow 5pmEST.


Trade results visible at: DAILY TRADE RESULTS « TECHNO4X

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X

Refer to Disclaimer @ DISCLAIMER « TECHNO4X

Blessings

techno4xteam
 

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DAILY ANALYSIS (65.6pip profit)

Cable’s two head and shoulder patterns are still check-mating each other. First trade this week tested the blue head and shoulder neckline (refer to bottom white arrow) and our trade we closed profitably today is testing the yellow upside down head and shoulder neckline (refer to top white arrow).

What’s the verdict?

READ FULL ANALYSIS AT: DAILY ANALYSIS (65.6pip profit) « TECHNO4X

SEE TRADE RESULTS AT: DAILY TRADE RESULTS « TECHNO4X

Blessings
techno4xteam
 

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DAILY ANALYSIS

DAILY ANALYSIS

See full analysis at: DAILY ANALYSIS « TECHNO4X – GBPUSD traded the fifo and "no-hedging" way.

Consider placing a sell order at 1.6456 with stop at 1.6681. This recommendation is valid until tomorrow evening at 5pmEST.

Thank you for your patience these past two weeks. We almost lost a beloved but by God's grace she pulled through and we may even get to take her home tomorrow. All our praise goes to the Lord.

Trade results visible at: DAILY TRADE RESULTS « TECHNO4X – GBPUSD traded the fifo and "no-hedging" way.

See money management strategy @ MONEY MANAGEMENT STRATEGY « TECHNO4X – GBPUSD traded the fifo and "no-hedging" way.

Refer to Disclaimer @ DISCLAIMER « TECHNO4X – GBPUSD traded the fifo and "no-hedging" way.

Blessings

techno4xteam
 

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