Technical analysis on GBPUSD index

[Guest FXmoneymunch]

http://moneymunch.com/wp-content/uploads/2016/10/gbpusddailychart.png

 

GBPUSD index was failed attempt to recapture high; you had seen its cascade lower.

GBPUSD index (6/10/2016) is clues that the trend down was coming to end here, you will see 1.24324-1.27744 – 1.30560 levels soon.

Keep in mind MACD and RSI waits for up-signal, if GBPUSD crossover or closes below 1.18872 level you may see 1985year’s low.

 

http://moneymunch.com/wp-content/uploads/2016/10/audusdprofit.png

[kergensten]

Today on H1 interval ive noticed a bearish formation as a signal of short position. So far it is working and im looking forward to continue this move up to 300 pips down. You can find more on my CI page where I will start to put all my ideas:

 

https://en.consiliuminvest.com/traders/870-leinad-kerginsten/ideas?idea=3660-bearish-pattern-on-gbpusd