The EUR/GBP daily chart below reveals that rates have finally broken out above significant previous resistance at .8400 and the rally could continue up to the next level of resistance near .8500. While buying at current market prices would not offer a particularly favorable risk/reward ratio with logical profit target and stop levels, waiting for [...]
We will review why your results in your demo account will probably contrast sharply with the results in your live account. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
Here’s another Forexscanner PRO example. AUD/USD short signal at 1.0744 on the 5 min chart designed for daytraders. The pair traded as low as 1.0609 (+135 pips) before moving higher again. Resistance can be found at 1.0700 exchange rate.
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