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PlusFX have been trading Forex for over 10 years now. Through the years we have developed a trading system that is solid and profitable. We are based in London and focus on the major currencies usually those are Euro, Pound and USD. We now look to share our system so that other traders can profit from it.
Daniel Bancans
GBP/USD: possible swing upwards forming.
The GBP/USD daily chart on a whole is looking bearish. The price has dropped a considerable amount over the past few weeks. However, the price is touching a declining support mark which was previously a resistance line. We are looking to gain some profits from the upwards swings here, as the price is oversold in addition to the support line being touched.
When we get bullish confirmation then we will enter long with the scope to hold the position for a few days. The target will be a previously strong support line which is now the closest resistance line at 1.466. The trend overall is downwards, we are looking to benefit off the swing highs.
Www.plusfxtrading.com
The GBP/USD daily chart on a whole is looking bearish. The price has dropped a considerable amount over the past few weeks. However, the price is touching a declining support mark which was previously a resistance line. We are looking to gain some profits from the upwards swings here, as the price is oversold in addition to the support line being touched.
When we get bullish confirmation then we will enter long with the scope to hold the position for a few days. The target will be a previously strong support line which is now the closest resistance line at 1.466. The trend overall is downwards, we are looking to benefit off the swing highs.
Www.plusfxtrading.com
Daniel Bancans
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· 1
Daniel Bancans
EUR/USD looks very bullish on the weekly chart. As you can see there is a large RSI Divergence recently. In addition to this, It has hit a key support level. We believe the greece bailout will be the fuel for the movement...
165
Daniel Bancans
NZD/USD looks fairly Bullish heading into this week, after hitting a key support point. In addition to this, the RSI looks as though it could be heading northwards. Friday posted a bullish engulfing pattern, therefore we will be looking to enter LONG come monday...
136