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amir jaara

Lebanon

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June 19

Bearish Market Started !!!

amirjaara Posted 26 Jan. in #Trader's blog

Lets take a look about the global economy to find what cause the big drop on Thursday and Friday.

Talks about bank run in china
China's manufacturing sector is contracting
CNBC is reporting that U.S. retailers just experienced the worst holiday season since 2008.
The U.S. Congress is facing another deadline to raise the debt ceilingin February.

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GBP/USD for the next week

amirjaara Posted 25 Jan. in #Trader's blog #GBP/USD #Gbpusd

GBP weekly chart

broke the upper channel line
5 fail weeks to hold above 1.66, this make the probability for retracement very high

GBP/USD Daily chart

price moved 100% after breaking the channel
Price still holding highs and making another channel, usually that's a signal of weakness

Closer look at GBP/USD 1HR chart
On the 1hr chart we can see a clear channel breakout out on the top of the daily channel border which makes a big slide in the price .
For the next week ill be looking to take a s…

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Updating EUR/USD Analysis

amirjaara Posted 23 Jan. in #Trader's blog #Eurusd #EUR/USD

EUR/USD is consolidating within 100 pips around 1.35 as we can see in the below weekly chart the trend line still supporting 1.35 and breaking the trend line would increase the chances of forming a double top and send the EUR/USD to the bottom line of the channel.
In the 1 hour chart below there is a clear channel formed at the weekly trend line, today the PMI from the Euro Zone and US + Unemployment Claims and existing home sales from US will decide which direction the pair will go. ill be taki…

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