Tech Trading
  • Home
  • Join our trading community
  • Back to FXstreet.com

Tech Trading

How to profit from FX Markets by César B. Leiceaga.

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Intraday Techs
  • Medium & Long Term Techs
  • My Trading Diary
  • Uncategorized

Archives

Recent Comments

  • carlab on GBP/USD Dips after BOE minutes
  • César B.Leiceaga on A few lines to have in mind…
  • Amino on A few lines to have in mind…
  • Prakash on A few lines to have in mind…
  • César B.Leiceaga on EUR/AUD Strategy

Tags

aud audusd audusd trading aussie australian dollar cable cad chf eur eurgbp eurgbp technical analysis eurjpy eurjpy forex eurjpy intraday eurjpy technical analysis eurjpy trading euro eurusd eurusd forex eurusd intraday eurusd technical analysis eurusd trading forex forex trading fx gbp gbpjpy gbpusd gold gold trading jpy metals pound silver swiss franc swissy usd usdcad usdcad technical analysis usdchf usdchf forex usdchf technical analysis usdchf trading usdjpy yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Trading FX Ideas
  • Trading Técnico
GBP/USD Breaks 1,6740
Posted on November 9, 2009 at 4:11 in Intraday Techs by César B. Leiceaga

Cable has just breached a meaningful resistance level at 1,6740 unleashing a stream of stop-loss orders pushing price to 1,6800. This kind of moves should be exploited by a breakout traders!

This level now becomes a support area and unless it’s only represents a upward stop hunt, buyers may push sterling to 1,7000 psychological level over the coming sessions.

GBP/USD 4 Hour Chart:

César B.Leiceaga

Tags: cable, gbpusd, gbpusd 9 november 2009, gbpusd intraday, gpb, pound, sterling, usd

6 Responses to “GBP/USD Breaks 1,6740”

  1. on 09 Nov 2009 at 5:27 am1A-SOLTANI

    DEAR CESAR

    As you (and I)said more time before and last week mom. ocsilators indicated,majors old MT uptrend is already started.(my target aus @0.9250 met). first targets are previous tops(E:1.5060 GBP: 1.7045) although i see proj. over there.
    similary for yen crosses ,as i forecast last week ,GJ is going to hit at least 153 (my target).
    what is your idea about trend of majors?

    BEST REGARDS

  2. on 10 Nov 2009 at 4:32 am2carlab

    Hi César: After this morning retracement, how do you see this pair pls? Do you think will breake the 1.6610 level down? Tks

  3. on 10 Nov 2009 at 4:46 am3César B. Leiceaga

    Hi A-SOLTANI,

    I’m a dollar bull, I think that if we have not topped yet on euro and gbp, it is close to finding a top. I think the stock market is overvalued and a 20-30% retracement would be healthy for the markets.

    Best Regards!

  4. on 10 Nov 2009 at 5:19 am4César B. Leiceaga

    Hi carlab,

    I still see 1,70 over the coming days/weeks…

    Regards!

  5. on 10 Dec 2009 at 2:46 am5Toronto Stock Exchange

    Great site been reading and will add your site to mine.

  6. on 10 Dec 2009 at 10:57 pm6Toronto Stock Exchange

    Very nice information I am going to make a link area on my site and add you.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.