Cl strategy with analysis

GBPUSD TRADE RECOMMENDATION

Cable has gapped up tremendously during pre-market trading this afternoon. Will wait for Monday evening 5pmEST before determining an entry point. Analysis will follow.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD WEEKEND ANALYSIS

Cable has opened and closed above R1 which officially turns the dominant daily trend up. Also, CS has moved to 1.51806 keeping the aggressive trend up too. As long as these levels hold, Cable bulls can be expected to test WR1/RT1.

What’s the verdict?

Read full analysis here.

Blessings
Techno4xTeam
http://techno4x.wordpress.com/

GBPUSD TRADE RECOMMENDATION

Consider placing a new buy order @ 1.53232 with stop @ 1.52203. We will send an alert when applicable to take profits. Valid until Tues evening, April 6 @ 5pmEST. Possible targets are WR1 but this is high risk entry because WR1 represents dominant weekly trend which is down and we’re very close to it even though the daily chart dominant trend is up right now.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD ANALYSIS

R1 has become S1 which is now @ 1.51818. Both S1 and CS are bullish meaning that there is a definite possibility that daily bulls are going to attack RT1/WR1. If we can get a sustainable move above RT1, then RT2 will become a possibility. However, WR1 depicts the weekly dominant trend which is down; therefore Cable is vulnerable and at risk here for a possible turn to the downside.

What’s the verdict?

Read full analysis here.

Blessings
Techno4x
http://techno4x.wordpress.com/

GBPUSD TRADE RECOMMENDATION

Delete previous buy order and consider placing a new buy order @ 1.53111 with stop @ 1.51259. We will send an alert when applicable to take profits. Valid until Wed. evening, April 7 @ 5pmEST. Possible targets are RT1/WR1 but this is high risk entry because WR1 represents dominant weekly trend which is down and we’re very close to it even though the daily chart dominant trend is up right now. If we can get through that area, then RT2 could also be a possibility.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD ANALYSIS

Cable bears shot through yesterday’s CS and took a shot at WCR but at the end of the day they could not keep momentum up and Cable snapped back above yesterday’s CS completing a hanging man for the day. S1 and CS have moved to 1.51279 keeping Cable bullish. However, we are very close to WR1 which depicts the dominant trend on the weekly chart which is down.

The fact that Cable ended the day with a hanging man and completed a spinning top yesterday, so close to WR1, could mean that market has formed a top here to go back down again but as long as CS holds, we could see a test of WR1.

What’s the verdict?

Read full analysis here.

Blessings
Techno4xTeam
http://techno4x.wordpress.com/

GBPUSD TRADE RECOMMENDATION

Consider leaving buy order @ 1.53111 with stop @ 1.51259. We will send an alert when applicable to take profits. Valid until Thurs. evening, April 8 @ 5pmEST. Possible targets are RT1/WR1 but this is high risk entry because WR1 represents dominant weekly trend which is down and we're very close to it even though the daily chart dominant trend is up right now. If we can get through that area, then RT2 could also be a possibility.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/



Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD TRADE RECOMMENDATION

Consider deleting previous buy order and placing a new buy order @ 1.52876 with stop @ 1.51383. We will send an alert when applicable to take profits. Valid until Fri. evening, April 9 @ 5pmEST. Possible targets are RT1/WR1 but this is high risk entry because WR1 represents dominant weekly trend which is down and we’re very close to it even though the daily chart dominant trend is up right now. If we can get through that area, then RT2 could also be a possibility.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD ANALYSIS

Cable has gone exactly nowhere for past 4 days; however, during all of this S1/CS has held keeping dominant daily trend up. As we’ve already mentioned in the past, resistance lying ahead is WR1 which depicts the dominant trend of the weekly chart which is down. That’s why we’re seeing such a standoff in this area – daily chart against weekly chart – which one is going to win?

What’s the verdict?

Read full analysis here.

Blessings
Techno4xTeam
http://techno4x.wordpress.com/

GBPUSD TRADE UPDATE (80.1 PIP PROFIT)

We sent out an alert saying:

Consider taking profits now. Cable bulls have reached WR1 and not worth fighting with a big resistance like WR1 on a Friday.

This trade delivered 80.1 pip profit.

Sign up for GBPUSD cell phone alerts at: http://techno4x.wordpress.com/free/



Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD WEEKEND ANALYSIS

CS has moved up to 1.52661 and right now price is between RT1 and RT2 which suggests that bulls could make a go at RT2 as long as CS holds. Should CS fold, then S1 will be tested.

What’s the verdict?

Read full analysis here.

Blessings
Techno4xTeam
http://techno4x.wordpress.com/

GBPUSD TRADE RECOMMENDATION

Consider placing a new buy order @ 1.54895 with stop @ 1.5349. We will send an alert when applicable to take profits. Valid until Tues. evening, April 13 @ 5pmEST. Possible targets are RT2.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD ANALYSIS

Cable ended the day with a formation we often see in stocks but very rarely in forex, called a check mate formation (refer to yellow highlighted pattern). Check mate formations often lead to reversals if they happen on resistances or supports and in this case it happened in the area of RT2 which means we could get a reversal here. However, we need a close below the low of today’s candle as confirmation before we go for a reversal. CS is @ 1.5351 keeping the pressure up for now.
What’s the verdict?

Read full analysis here.

Blessings
Techno4xTeam
http://techno4x.wordpress.com/

GBPUSD TRADE RECOMMENDATION

Delete previous buy order and consider placing a new buy order @ 1.54535 with stop @ 1.53331. We will send an alert when applicable to take profits. Valid until Wed. evening, April 14 @ 5pmEST. Possible targets are RT2.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD TRADE RECOMMENDATION

Previous buy gave profit. Consider placing a new buy order @ 1.54951 with stop @ 1.53681. We will send an alert when applicable to take profits. Valid until Thurs. evening, April 15 @ 5pmEST. Possible targets are RT2 and beyond.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

12.8 pip profit on GBPUSD

See full results at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

Blessings
Techno4xTeam

5.6 PIP PROFIT ON GBPUSD TRADE

See full results here: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

NEW GBPUSD TRADE RECOMMENDATION

Previous buy gave profit. Place new buy order @ 1.55271 with stop @ 1.53821. Targets are RT2 and beyond. We will send an alert when applicable to take profits. Valid until Fri. evening, April 16 @ 5pmEST.

Sign up for GBPUSD free email alerts and cell phone alerts (optional at a cost) at: http://techno4x.wordpress.com/free/

Trade results visible at: http://techno4x.wordpress.com/gbpusd...ults-for-2010/

See money management strategy @ http://techno4x.wordpress.com/money-...ment-strategy/

Refer to Disclaimer @ http://techno4x.wordpress.com/disclaimer/

Blessings
techno4xteam

GBPUSD ANALYSIS

The high of check mate formation (refer to yellow highlighted pattern) has held allowing cable bulls to just tap the lower end of RT2 before pulling price back. The high of this pattern plus RT2 is quite a formidable resistance and it’s going to take an immense effort from bulls to bust through that. However, as long as CS and S1 hold, bulls still have a chance at doing it. Should CS and S1 give to the downside, then we can see a possible retest of WCS.

What’s the verdict?

Read full analysis here.

Blessings
Techno4x
http://techno4x.wordpress.com/

ANNOUNCEMENT

In future we will send out our weekend analysis on a Monday evening between 5pmEST and 10pmEST in stead of over the weekend. The reason for this change is that our weekly chart's candle only closes at Midnight on Sunday evenings. In the past this didn't make a huge difference, but recently with the aggressive gaps occurring during pre-market trading over the weekends, it's making a very big difference. So, in future, we will wait for the weekly candle to close before doing a weekend analysis and we'll call it the "weekly perspective" not the weekend analysis.

Provided the markets haven't gapped away from Friday's close, we will send out trade recommendations at 5pEST today. If gaps have occurred, we will stand aside until Monday evening.

Blessings on your trading
Techno4xTeam
http://techno4x.wordpress.com/