Haynes6EU's Blog

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Blog 8/6: BUY GBP/CAD

Hi Traders,
The daily chart of GBP/CAD shows price just break to upsdie. I expect that momentum may continue and GBP will be stronger after UK Parliamentary Elections today. On technical view shows that price already back to trend up.
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 30/5: Nice trade of this week SHORT GBP/AUD

Hi Traders,
The weekly chart of GBP/AUD shows bearish direction. I decided to sell this pair. The next question is to choose entry and exit point. The H1 chart shows 1.726x could be good entry point, lets see the chart below:
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Blog 24/5: Sell GBPAUD to 1.71

Hi Traders,
The crossed pair GBP/AUD had rallied from 1.6 to 1.76 level for a short time. I expect it's time for bearish correction till ahead UK general election on 8th of June. My first target is 1.71 and second target is 1.68.
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Blog 18/5: Sell GBP and buy CAD

HI Traders,
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below:
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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 10/5: Sell EUR/GBP follow weekly chart

Hi Traders,
The weekly chart of EURGBP shows prices is testing support level at 0.83. If prices goes though 0.83, target may be 0.814. Resistance level above 0.85. I expect GBP comtinue to recovering in the next few weeks.
Good luck
Haynes6EU
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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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GBPJPY - Reversal signal!

Hello community,
The D1 chart of GBPJPY show reversal signal and this pair could continue fall down from now untill find support around 191 level! D1 chart is simple as below:
My final target on D1 may be around 180 level!
Good luck to all
Haynes
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