GBP/USD view 4-8May2015

by mooncraft
Started with weekly chart, the last Cs showing rejection over resistant area, which means give us overall clue this week market will go bearish


by mooncraft
On daily chart also showed strong evidence of bearish market will resume started on tomorrow, mother candle a.k.a moburuzu will give us strong reason to go short, however wait for retracement at near resistant before we go short. Some probability the price will find nearest resistant  as shown in diagram.


by mooncraft
As we can see at H4 chart... double top already happened last week, give us a strong clue that bullish market already end. Market strongly go bearish last Friday.we will wait market to retraces at near possible resistant before we decide to go short. Wait for CRS to form at the level of resistant and go for short.

by mooncraft
Same goes with H1 chart. Its strongly suggests that bearish dominated the market. we will wait for retracement complete and reversal confirmation happened, then we go short.
TRUST!!!

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Forex: Fibo "the leading indicator"

I updated my trading based on fibo early this week.its work pretty awesome. I closed my trading with 130pips++. Eventhough i saw EU will go down further, i decided to closed my trade earlier. Because at H4, got strong support there around 1.2510. And not to forget this week got NFP. Yet still vote for EU to continue for bearish, hehe..
just my 2 cent. Fibo is the best leading indicator. believe with it.

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Forex: Eur/Usd prediction for this week

According to my analysis based on Fibo, EU already completed retracement for downtrend and tomorrow will continue its journey to the south area a.k.a Bearish mode. The reason i said so because lime fibo(major fibo - bearish mode) already completed at area 78% which is strong resistant whereby mid term Fibo (blue-bullish trend) on last friday already projected to 78% bullish area after retrace from 38%. If you noticed, at that area, there is also 78% for main fibo (lime) provide very strong resistant for EU to overcome.So, in my opinion, its time for EU to resume its downtrend tomorrow.
-just my 2cent opinion.-

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