GBPUSD Forex

GBPUSD Forex , Using 6B Futures Contract

[caption id="attachment_6437" align="alignleft" width="300"] Forex trading GBPUSD[/caption]

GBPUSD Forex Direction & Targets

This is an Update on last post on GBPUSD Targets&Direction. After few days,we can buyers having hard time to pass this first 50% Ret. Fibonacci and the 50MA. Right now GBPUSD price are between my Green Trend line and 50MA. Is in a consolidation and should break out very soon. I'm more likely to go for a short one, because Sellers are under my Brown Area line and 50MA. And in last few days buyers din't have the same commitment as they did on past move UP. Short:1.5103 -1.5047 - 1.498  Long:1.5377 - 1.5483 - 1.5551

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Day Trading SP500

Day Trading SP500 : Last week we finally start to see sellers get in the game everywhere. Next week we will test few important resistance on different index. For now, I will just focus on SP500 US Index.

[caption id="attachment_6425" align="alignleft" width="300"] S&P500[/caption]

Day trading SP500 Weekly chart Using ^SP-500 Chart

Since December 2012, Is a first time we see sellers candlestick with strong volatility. ~1550 price, are important for next week. For 5 weeks already, sellers try to close under this price, but every time fail to break this support. And every time  they show more and more commitment to close under this price. On buyers side there no commitment anymore. Normally  when sellers fail many time to close under certain price, buyers will use this opportunity to bring price at new highs with strong commitment. But this time we don't see this anymore....Probably at this point, Investors have no more money to invest anymore :)..they realizing price are to High?  :) [caption id="attachment_6426" align="alignleft" width="300"] s&p500 chart[/caption] On [...]

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