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ForexTeam
GBP USD weekly review: It is probably H&S on H4
Hi there,
we would like to share this information with you!
According our forex market research, ForexTeam is still by GBPUSD sell action. We think that soon on H4 time frame will be formed H&S structure and if this is the case, we expect GBPUSD sell till support level at 1.27
By the way, important resistance level at 1.2956 !
Trade well,
ForexTeam
Weekly ForexTeam trading performance 29.05-02.06.2017
Hello guys,
the last trading week for ForexTeam was not bad and not good. We did not trade much, but we did deeply forex market research after month close and now we are ready for active trading summer 😉
Week 29.05 – 02.06.2017
Closed trades with profit = 5
Closed trades with loss = 2
Netto profit = +20 pips
All ForexTeam closed orders you can find in ForexTeam app in menu “Closed signals” (see the picture below).
See you next week,
ForexTeam
GBPUSD: Do you like roller coaster?
Hello guys,
According our weekly review for GBPUSD, for this week we planned slowly bearish pressure for this currency pair.
I repeat my question: “Do you like roller coaster?”
Every day on this week the price tried to jump above resistance level at 1.2907, but daily close prices was always below this resistance level – clearly it was already 2 attempts!!
Today afternoon comes Nonfarm Payrolls report in USA and we think that if on daily time frame (D1) the price will stay below 1.2907 it could be the main reason of GBPUSD SELL OFF.
Let’s drive together!
ForexTeam
Update for GBPUSD 01.06.2017
hi there,
On last day in May British currency tried to break resistance level at 1.2907, but on daily time frame (D1) yesterday close price was 1.2889. If this resistance level (1.2907) holds somehow, than bears push the price down till the next support level at 1,2700 and ForexTeam reach the first target.
Hold on,
ForexTeam