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Thread: Forex Rookies Trading Journal

  1. #31
    Short GBP/USD
    Profit/Loss = #30.50

    Short EUR/USD
    Profit/Loss = #10.01

  2. #32
    I will see GBPUSD rising to 1.5830 (2.618 Fib amount - attracted from 1.5380 around 1.5585. Elliott Wave Theory - First Wave). If that is true, this is the 5th and last wave towards 1.5830.

    Alternatively:
    GBPUSD is going to be stuck at the 100 pip range between (1.618 and 2.618) support and resistance levels. Near the end of this we can see the corrective Elliott Waves beginning.

  3. #33
    One final push towards 1.3660-80 resistance area?
    Or call for corrective waves?

  4. #34
    The pip range appears to be playing this week. Market has been too choppy for carry trades.

  5. #35
    Based on the closing of the Friday Candlestick, here are the following daily pivot points:

    Resistance - 1.5303
    Daily Pivot Point - 1.5209
    Support - 1.5066

    Resistance seems to be in the 1.5120 area. Trading on MetaTrader Platform started at 1.5071, as a result of Alpari their trading accounts begin each trading week at 11pm (UK Time) rather than 10pm.

  6. #36

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