Some of my forecasts

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hills_5000

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I have just started, so guys my first analysis. GBP/USD. Monthly Up. Tgt CS at 1.60399 and then 1.62613 follwed by upper trend line resistance at CS at 1.64511. Weekly up till 1.60597. Weekly support 1.58766. Daily has just done the 200EMA touch at 1.60.MACD shows divergence. So we head down back to lower trend line support at 1.58332. A break of this on the downside leads us to 1.57014 and then 1.56721.

ON the 4H we go down ( indicators show) to 1.58597 then if the lower trend line support is broken we head to the 200EMA at 1.58024. We then re assess the charts for taking action then.

So for positional we buy E/U at these lower levels watching supports holding or breaking for a monthly target of atleast 1.59059.

Please let me know how this is :)
 
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Love those S&R's!
I talked about this year's trend cycle for this pair, and that 1.3973 would be the completion of it. The peak was 1.3974, then it exploded south. This should mark the beginning of the end of the consolidative pattern and mark the beginning of the move to 1.3559, the weekly kijun.

BTW, I'm redoing all my charts for the S&R's, since the computer crashed. The yearlies were saved on the one I'm on now.
 
I have just started, so guys my first analysis. GBP/USD. Monthly Up. Tgt CS at 1.60399 and then 1.62613 follwed by upper trend line resistance at CS at 1.64511. Weekly up till 1.60597. Weekly support 1.58766. Daily has just done the 200EMA touch at 1.60.MACD shows divergence. So we head down back to lower trend line support at 1.58332. A break of this on the downside leads us to 1.57014 and then 1.56721.

ON the 4H we go down ( indicators show) to 1.58597 then if the lower trend line support is broken we head to the 200EMA at 1.58024. We then re assess the charts for taking action then.

So for positional we buy E/U at these lower levels watching supports holding or breaking for a monthly target of atleast 1.59059.

Please let me know how this is :)
Wow you confused me totally, I got a carpal tunnel after reading this - lol, as far as the gbp/usd I would say look for the 1.5840 to be hit!
 
Hills, excellent job on your analysis.
You've displayed exactly why we don't use just one TF to trade off of. You have provided a perfect landscape for upcoming price action.

There are some things I could critique, but I won't. Simply put, as a trader, if you trade the forecast, then you are going to make many pips. The firm grasp you have on this can be applied to any market.

Let me point out as a positive your usage of the 200MA. Again moving averages is simply another measure of equilibrium. The fresh hit on it made a very strong R.

It still makes me laugh how some want to use MA's as a crossover signal

Also, you can plot any MA on your chart, then check the history with it. There is a maximum amount of grids it will drift from on any TF. Once price has drifted that maximized amount, you now have an entry to reverse direction.


I have just started, so guys my first analysis. GBP/USD. Monthly Up. Tgt CS at 1.60399 and then 1.62613 follwed by upper trend line resistance at CS at 1.64511. Weekly up till 1.60597. Weekly support 1.58766. Daily has just done the 200EMA touch at 1.60.MACD shows divergence. So we head down back to lower trend line support at 1.58332. A break of this on the downside leads us to 1.57014 and then 1.56721.

ON the 4H we go down ( indicators show) to 1.58597 then if the lower trend line support is broken we head to the 200EMA at 1.58024. We then re assess the charts for taking action then.

So for positional we buy E/U at these lower levels watching supports holding or breaking for a monthly target of atleast 1.59059.

Please let me know how this is :)
 
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