Forex technical analysis: GBPUSD price action is sloppy.
Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. This makes sense as the dollar index is still to reach the mark from a current God bless you God sent Coach. Please try again later. If the sellers can keep the price below that MA line, the sellers can make another run toward the 1.
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Drilling to the hourly chart below, the sloppiness of the technicals is also evident. The hour MA today was broken and the price moved higher. However, the last 6 bars has seen the price trade above and below that MA line. The buyers are not exactly taking back control. Also today, a downward sloping trend line and upward sloping trend line were broken and each had an initial reaction and then failure.
What is defining the range, is the 1. That stalled the rally today see red circle 2. On the downside, the low today stalled just ahead of the 1. The low today reached 1.
We currently trade around the 1. If the sellers can keep the price below that MA line, the sellers can make another run toward the 1. Good weekend big boss. I want to thank you for the gbbaud set up you gave this week. Its better one even wait for this type of set rather than beating about the bush risking money. I know its sell the rally at resistance for gbpaud for this coming week.
God bless you God sent Coach. Hi Justin Bennett, my question is about how to trade gold, is it the same as other currency pairs? Hi Justin, aint this descending channel a bullish formation as you often describe it in your strategy?
I have personally being watching this pair for a breakout of channel resistance for months but no way and i decided to not play the support breakdown. Please log in again. The login page will open in a new window. After logging in you can close it and return to this page. If you aren't using this type of chart to trade price action, you're vulnerable to false signals.
Hwok Luu Hwok says: Kazi imran ahmed says: