Hitting 1.6108 just a hour and half after the days session started (which was the support level for bullish volume) Sterling technically dominates the European session hitting a high of 1.6162 by 7:30 a.m. EST!
With the start of the U.S.D Forex market which is, 8:00 a.m. EST. Sterling begin the session retracing from the high most of the day, but there were very strong scalping counter-trend trades available thought out the day, it's best to reduce your lot size when counter-trend trading.
Today's technical levels:
Support for a bullish Sterling is, 1.6137 (Sterling is currently at, 1.6137, time-10:10 p.m. EST.) the next level to break is, 1.6158 if Sterling finds support it should be bullish too level, 1.6170 and a strong Sterling hits a high of or around, 1.6190 and above for today's session.
If Sterling doesn't find support at 1.6137 it could bear down too, 1.6116 if that level doesn't find bullish support the next technical level is, 1.6104 if bearish volume continues Sterling could hit a level of, 1.6084 before bullish volume resumes.
Today session is full of fundamental events!!!! fundamental event sessions like today will or can effect technical forecast!! Please review your Economic calendar for details, especially today's session!! Today could be a good day just too fundamental trade or event trade, it's your decision!
GBP....4:30 a.m. EST. two statues, High releases, five more releases at, 6:00 a.m. EST. statues, Low.
Today is, F.O.M.C. so that's a major fundamental event beware!, plus at 8:30 a.m. EST. out of the U.S.D. we have a statues, High release, "Durable Goods Orders". look for some strong volume. The F.O.M.C. releases start at, 12:30 p.m. EST. and continue though out the mid-afternoon in the states, this fundamental events normally has strong market reactions!! so be careful of the number of lots or positions you have doing this time or this session....
Trade with the trend!, thank you for your time and have a great day.
www.createspace.com/3597011
www.speedtrader24.com
Email: idominatefx@gmail.com
Catch us on Facebook.
With the start of the U.S.D Forex market which is, 8:00 a.m. EST. Sterling begin the session retracing from the high most of the day, but there were very strong scalping counter-trend trades available thought out the day, it's best to reduce your lot size when counter-trend trading.
Today's technical levels:
Support for a bullish Sterling is, 1.6137 (Sterling is currently at, 1.6137, time-10:10 p.m. EST.) the next level to break is, 1.6158 if Sterling finds support it should be bullish too level, 1.6170 and a strong Sterling hits a high of or around, 1.6190 and above for today's session.
If Sterling doesn't find support at 1.6137 it could bear down too, 1.6116 if that level doesn't find bullish support the next technical level is, 1.6104 if bearish volume continues Sterling could hit a level of, 1.6084 before bullish volume resumes.
Today session is full of fundamental events!!!! fundamental event sessions like today will or can effect technical forecast!! Please review your Economic calendar for details, especially today's session!! Today could be a good day just too fundamental trade or event trade, it's your decision!
GBP....4:30 a.m. EST. two statues, High releases, five more releases at, 6:00 a.m. EST. statues, Low.
Today is, F.O.M.C. so that's a major fundamental event beware!, plus at 8:30 a.m. EST. out of the U.S.D. we have a statues, High release, "Durable Goods Orders". look for some strong volume. The F.O.M.C. releases start at, 12:30 p.m. EST. and continue though out the mid-afternoon in the states, this fundamental events normally has strong market reactions!! so be careful of the number of lots or positions you have doing this time or this session....
Trade with the trend!, thank you for your time and have a great day.
www.createspace.com/3597011
www.speedtrader24.com
Email: idominatefx@gmail.com
Catch us on Facebook.
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