Haynes6EU's Blog

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Blog 13/7: Buy GBP vs JPY and USD

Hi Traders,
GBPUSD has bounced back strongly from 1.28 level, this level also is fibonacci 50% level. I expect GBP will be more stronger and up above 1.3 l3vel again. I choose to buy GBP vs JPY and USD as JPY still be weak in my view. Good luck
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Blog 1/6: Buy GBP/USD at the begining of this month

Hi Traders,
The daily chart of GBPUSD shows that price has twice rejected at 1.278 level. In my view: that's a buy signal for going up 1.3 again but path to go up could be face to bear strength at some resistance level.
Good luck to all traders this month
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Blog 16/5: GBP go to bearish correction phase

HI Traders,
GBP rallied from 17th of April after Theresa May calls for early general election on 8th of June 2017. The daily chart of GBPUSD shows that short positions covering has stopped and can't break 1.3 level. I expect bearish correction phase from now till before general election on 8th of June and target could be 1.26 level. The market have about two or three weeks for correction before decide new direction: back to 1.2 or break above 1.3 level.
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Blog 5/5: Buy GBPUSD and wait for break to upside

Hi Traders,
We already have two week bullish for GBP. I think that's SHORT recovering process by big speculator on brexit event, this process could be continue. Prices has moved sideway most of the week and it's last trading of the week. There are some important fundamental data will be released (Non-farm employment data and FOMC members speaks). That would be chance to buy GBPUSD and wait prices break out to the upside. Let's see H4 chart below, market is accumulating, so what's next?
Good luck…
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GBPUSD - Short recovering continue!

Hi community members,
Background: this forecast base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: There were a lot of Short GBP position follow by Brexit event but it's time for recovering short position after market denied 1.2 level twive times.
Daily chart: Price is rising and can visit 1.34 in near future. I expect price will move in range 1.28…
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Update 1: Rising momentum has slowed and bull power is loosing. It's could be time to correct and consolidate things gained before think about go far futher. I continue interested in long GBP but at lower price.

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Update 2: prices continue to go up and I expect 1.3 level in a few days ahead. Pound has three bullish week consecutive, uptrend is stable but I think prices will not move quickly.

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Update 3: Last week was a bearish candle, prices decreased to 1.284x level and bounced back to 1.292 level as of writing. The pair still be an up-trend but I'm asking myself that what thing will make price go up above 1.3 when momentum is weak.

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Blog 25/4: Expect another bullish week for GBP!

Hi Traders,
Last week was the bullish week of the pound. I have a simple strategy: buy GBP and wait with expectation that we will have another bullish week.
Best Regards,
Haynes6EU
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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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