Joe_Keegan

GBPUSD BUY AND SELL SETUP

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             is currently showing some bullish potential however it is not completely out of the woods yet. There are setups on both the long and short side with this pair where I will be waiting for levels to be taken out to show a clearer trade either side.

LONG: Market has just popped its head above a descending channel after rejecting the 61.8 fib of the upward move. if we close above this channel we are going to need a retest of the broken trend line and continuation above 1.2500 to enter long up to previous high at 1.26500 and up to and projected 1.27 extension at 1.28200

SHORT: For short trades we would need a 4 hour close below 1.23000 which will then see us down to the lows at 1.21500. In my opinion this will signal a move lower again for the pound beyond the flash crash lows.
United Kingdom
United States
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out