for the week starting 11 Aug 2014
GBP/USD
Daily Chart bearish sentiment continues.
It has break two support level I quoted, and currently trading around 1.6770.
Dow theory - lower high, lower low.
find opportunity to short, final support at 1.6690.
Trading Plan
Initial Shadow
Short 1.6785
SL 20 pips
TG 60 pips
EUR/USD
slight bearish.
Trading at resistance level (4H chart).
I foresee market to trade sideways between 1.3340 - 1.3450.
Breaking above 1.3450 might turn EUR/USD from slight bearish to slight bullish sentiment.
Weekly Chart is suggesting a reversal pattern.
Regards
Ayumi
GBP/USD
Daily Chart bearish sentiment continues.
It has break two support level I quoted, and currently trading around 1.6770.
Dow theory - lower high, lower low.
find opportunity to short, final support at 1.6690.
Trading Plan
Initial Shadow
Short 1.6785
SL 20 pips
TG 60 pips
EUR/USD
slight bearish.
Trading at resistance level (4H chart).
I foresee market to trade sideways between 1.3340 - 1.3450.
Breaking above 1.3450 might turn EUR/USD from slight bearish to slight bullish sentiment.
Weekly Chart is suggesting a reversal pattern.
Regards
Ayumi
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