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4 DEC 16 | GBPUSD | CONFLUENCE OF RESISTANCE

killer195175 Posted 4 Dec.  in #Trader's blog #Gbpusd #Daily Chart #Confluence #Resistance Zone
Hello fellow traders,
GBPUSD after a big fall after BREXIT took support near 1.2797 levels and broke below this support on 02 OCT 16 and took support at 1.1919. From here the price is making higher highs and higher lows and a good rising trend line is made as shown in figure below.
The support at 1.2797 may act as resistance for the price as it confluences with the falling trend line from the high of 1 Nov 2015.
I expect the pair find a huge supply near 1.2800 levels which may push the price low…
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2 Comments
galjasen avatar
galjasen 7 Dec.

I am here new ) and I like your articles!

TInna avatar
TInna 9 Dec.

good work!!!

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AUDUSD AND NZDUSD 18 NOV 16

killer195175 Posted 18 Nov.  in #Trader's blog #Audusd #Nzdusd #Head And Shoulders Pattern #Support Zone #Resistance Zone #Trendline Break
Hello fellow traders, as discussed in 16 Nov 16 blog post about AUDUSD, the pair broke the rising trend line and confirmed a break in daily time frame. At the time of writing the post the pair has already shredded more than 150 pips and is trading at .73387. Expect a pullback here to minimum at .74250 level and enter the trend.
Another beautiful set up has emerged in NZDUSD as the pair has broken the neckline of a head and shoulder pattern. Also it has broken the rising trendline on weekly as we…
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