I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price. The weekly chart displays a possible bullish triangle (see Figure 1)which recently was broken to the upside. If we manage to close above 1.6350, on a weekly basis, there is a high probability that cable will see a dramatic upside movement. However the most important point is the last swing high 1.6738 which is a critical point in order for cable to experience a really big move. Since the…
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2014 FX Market Outlook - AUD (part 3)
Although for the current contest month I'm out I'm still going to try to bring back my account at BE after suffering 80% loss in the first trading day, and this mean that I should make 400% to bring back my account to 100k, but I'm a fighter and never give up. So, I'm still going to make blogging as I really enjoy it so I'm going to continue with my 2014 FX Market Outlook blog series. This time we're going to look at Cable, you can see check my previous blog post here: …
Major Advance Could Occur in the Cable
I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price. The weekly chart displays a possible bullish triangle (see Figure 1)which recently was broken to the upside. If we manage to close above 1.6350, on a weekly basis, there is a high probability that cable will see a dramatic upside movement. However the most important point is the last swing high 1.6738 which is a critical point in order for cable to experience a really big move. Since the…