Thursday, November 14, 2013

Doji on Daily chart of GBP/USD

A Doji formed today on the daily chart of the GBP/USD.  Look for short opportunities if you are not already short.  Happy Trading!

GBP/USD Short Trade still valid. Be Patient.

GBP/USD Short Trade still valid.  Be Patient.  Remember we are trading off of a Weekly chart pattern.

Tuesday, November 12, 2013

Evening Star Candlestick Pattern - GBP/USD, Weekly Chart, Short GBP/USD

An Evening Star Candlestick ( Bearish ) pattern has formed on Weekly chart of GBP/USD.  Fibonacci Profit Target levels on chart.  Initial profit target is 38.2% Fib. level of run up from 1.4812 to 1.6259 at 1.5707.  Stop is above Doji in Evening Star pattern.