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MISSED GBP USD TRADE

DaddyPapi Posted 13 Feb.  in #Trader's blog #GBP USD #Support #Resistance #Range #Candlestick Formation
There was a very nice 200-Pip opportunity that slipped my grasp on the GBP USD this week. The currency pair had given a Bullish Candle Signal on the Daily Chart as it started its move to the Resistance of the Range that was being formed. I had overlooked this because my attention was focused more on the breakout that would take place after the Range was formed, not realizing that a handsome gain was being offered as well.
DAILY CHART
As the currency started to form the second Support point to co…
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GBP SOARS ON EMPLOYMENT GAINS

DaddyPapi Posted 23 Jan.  in #Trader's blog #GBP USD #Daily #Breakout #Entry Setup
The surprising drop in the number of unemployed persons in the UK sent the unemployment rate down to 7.1%, close to the 7.0% level at which the Bank of England says it would consider raising interest rates. The GBP USD reacted with gains against the USD, pushing the currency above the Resistance of 1.6450 of the Daily Chart´s Range (Support 1,6300). With the prospect of widening of the interest rate differential in favour of sterling, the currency could gain significant ground in 2014.
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