Haynes6EU's Blog

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GBPUSD - Bull vs Bear is fighting in M15 chart!

Hello community,
The chart of GBPUSD in M15 time frame show Bull and Bear is fighting. I bet on Bull will win this battle Look at the chart below, Chart shows that the pair move side way few days ago and now is standing at low of channel --> It would be a good chance for Long.
Good luck to all
Haynes
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GBPUSD - Trend changed in H4 chart

Hello community,
Today, the pair GBPUSD test resistance level 1.567x and make double top formation. This pair fail to make a new high, so I expect up trend in H4 time frame will change, it would be a good change to setup a SHORT trade. Look at my chart for detail:
Good luck to all
Haynes
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GBPUSD - is bottoming in H1 chart?

Hello community,
Is the pair GBPUSD bottoming in H1 chart? Can down trend reversal or It will continue? Let's look at the H1 chart and wait signal to confirm. Chart will tell us
Good luck to all
Haynes
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GBPUSD - Major support level in daily chart!

Hello community,
The pair GBPUSD fall down from 1.58 (It's major resistance in weekly chart). But when the down trend temporary stop or is this pair going to retrace? Daily chart show price is near sma 100 and also fibo 50% level. I will watch closely price action and formation on smaller time frame (H4 and H1) to looking for signal of trend reversal. Look at the chart for detail:
Good luck to all
Haynes
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duck239 31 May

very very hooooot, drink beer !

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GBPUSD - pull back!

Hello community,
GBP just show powerful strength vs USD and is it time for pull back. H4 chart show some Bear momentum around major level 1.58. I'm waiting for more clear evidence to setup a short trade and the first target should be around 1.55 level.
Have a good weekend
Haynes
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The next resistance level for GBPUSD

Hello community,
The pair GBPUSD has break 1.5 level and stand above this level few days and it seems that market is looking forward the next resistance level to jump in new short entry. That chart below shows me the next level around 1.516~1.518. This would be nice short setup with tight stop above 1.52! About timing: I think we should have to wait early next month!
Have a good trading day
Haynes
Ps: SMA(100) fit with Fibo 61.8% in the chart!
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GBP - USD - JPY analysis!

A quick view about GBP, USD and JPY.
- GBP: Economic data: CPI flat and near to deflation, unemployment rate continue to improve. Monetary Policy stance is neutral. Risk ahead: uncertain about the General elections on May 7th and worry about deflation.
- USD: is consolidating after seri of weak economic data and uncertain about time to start rate hike!
- JPY: After QQE, it seems that BOJ is waiting for more signal from economic data before make decision. Question for market is what is the parity…
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Haynes6EU 20 Apr.

My opinion: GBP bearish; USD bearish or neutral and JPY neutral or bullish!
--> I means GBPJPY could be great pair to trade in the next coming months

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Haynes6EU 20 Apr.

Thanks Community Support for Dukat points :)

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GBPUSD visit 1.7 again?

1. Weekly chart: Shooting star candle and some bearish candles confirm that the pair GBPUSD is correcting now. How deep the correction? I see some support level at 1.666; 1.655; 1.646. So I will watch closely on these level.
2. Daily chart: Major trend is up and this pair is in correction process now. If 1.666 hold, this pair can rally up to 1.7 quickly or 1.666 broken, the next support is 1.655 and bounce from there. There is a little chance to break 1.655 to visit 1.646 level.
My target: 1.687…
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Maybe three drive pattern is forming and target is 1.6635. Buy from demand zone 1.663~1.666 :D

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Haynes6EU 16 June

GBP strong rally after Carney's comments last week. Expecting GBPUSD visit 1.703~1.704 this week!

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Haynes6EU 23 June

Weekly chart shows strong bullish candles! This pair closed above 1.7 last week. I expect the pair continue to go up in this week and start retracing in the next month! My target 1.6875 is difficult to reach at the end of this month :D

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GBPUSD is on the way to 1.7?

Framework:
I. Fundamental: U.K economy is very good. Unemployment rate fall below 7%. Inflation is stable around 1.6; 1.7%, there is a little of bit below target 2%. So a rate hike was expected in next year.
II. Currency positioning: Net long position for the Pound
III. Technical view:
1. Weekly chart: I saw two major support points at 1.646 and 1.625. Resistance level at 1.682. If the price close above resistance level, It could be a signal for more upside to 1.7 level.
2. Daily chart: Up trend…
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High level 1.6996 on 6th of May. Now the pair is consolidating above 1.69. It will continue to go up more in coming weeks!

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I think the pair retrace from high level. 1.682 and 1.666 are two level should consider buy opportunity!

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The pair correct to 1.673 level before visit 1.7 again. Rising trendline still hold :)

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I'm waiting for 1.7 level hit in next few days.

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A deep correction :D

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