Gbp/usd and eur/usd signals

 

Am going to dedicate this thread for posting signals for gu and eu basically at the close of the market.

The strategy i will be using is based on trendlines,fibonacci and major resistance/ support on higher time frames. I have been using this strategy for sometime now and it has been 70% correct.

Am very sure we will all have a nice time trading this strategy.

 

7/12/2009

GBP/USD

We saw GU drop a great deal on friday after the NFP release and is presently at a strong support right now.

I will short if I see price take out fib and trendline support around 1.6379 and expect price to move down to 1.6278

I wont want to give a buy signal for now cos i believe we are still in a down mode at least till the proper unfolding of the market today.

 

EUR/USD

EU is in a very strong down mode right now and u will notice on your daily chart that it has hit 1.4815 severally

if u see EU take out support around 1.4799(this price is to avoid false breakout) consider shorting eurusd down till 1.4736…. stoploss should be placed around 1.4884

If prices bounces back and take out resistance around 1.4884.. I will consider going long on eur usd up till 1.5020 with resistance around 1.4945.. stoploss should be placed around 1.4800

 

8/12/2009

GBP/USD SIGNAL

We see GU hitting a strong support yesterday and forming a strong hammer on the daily chart.

I will consider going long when i see price violate the resistance 1.6477 with resistances at 1.6519,1.6550,1.6594.

Summary:

BUY GU @1.6486

TP1: 1.6516

TP2:1.6546

TP3:1.6594

SL:1.6368

Files:
today6.gif  20 kb
 

10/12/2009

EUR/USD

If price takes out resistance around 1.4781,i will consider buying eurusd up till 1.4905 with resistance at 1.4850

on the the down side if eurusd clearly take out 1.4715 i will consider selling eurusd with targets at 1.4672, 1.4623 and 1.4563

GBP/USD

If price takes out 1.6322,i will consider going long on gbp/usd with targets at 1.6381,1.6410,1.66449

on the other sider if gbp/usd takes out support around 1.6255 i wil seell gbpusd downto 1.1664 with targets at 1.6228, 1.6190 and i.6164

Happy trading.

 

GBP/USD SIGNALS

If i see price take out resistance around the fib level and trendline of 1.6343, i will consider going long with mt targets at 1.6432/1.6475/1.6570.

Summary

Buy GBP/USD @ 1.6354

TP1: 1.6432

TP2:1.6475

TP2:1.6570

SL: 1.6183

Files:
today10.gif  21 kb
 

EUR/USD

If i see eur/usd take out resistance around 1.4662, i will consider going long with my targets at 1.4685/1.4735/1.4768.

On the other hand if i see price take out support around 1.4581, i will consider going short till 1.4484

Files:
today11.gif  19 kb
 

GBP/USD

If i see GU violate 1.6235,i will sell gu till 1.6207/1.6173/1.6078.

To the upside if i see gu violate 1.6324, i buy gu uptill 1.6364

EUR/USD

If i see eur/usd violate 1.4575,i will consider going long till 1.4595/1.4650

While to the downside if i see eu 1.4503, i will sell eur/usd till 1.4409.

 

GBP Signal

Daily chart for GBP shows up trend shape..with strong support at 1.5572...hope this right

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