GBP/USD: New higher low on the way? (27th September 2017).

OANDA:GBPUSD   British Pound / U.S. Dollar
55 0
I've been watching this pair along side GBP/JPY , with hope of riding the wave down for these pairs to create their new higher lows.

GJ has broken me this week, giving me so many false hopes which as led me to damage my practice capital, I have £20 now lol. But I'm not broken that much, improvements and change will come,

As for this pair, I can see multiple confluences that gives me confidence that this pair is now on its way down.

1. Previous candle lows have been broken.

2. 8 EMA has been breached.

3. Stoch has crossed over.

My projected targets are:

• Previous HH as first target at 1.32512 (185 pips).

• Secondary target at 1.30642 (372 pips).

Hitting T2 would win my practice capital back and have a little big of profit in return.

We'll see how this goes!

I'm learning to focus on one pair because my problem is that I tend to change ideas and exit a trade to enter a different pair, chaos just happens, it's a gamblers mindset and I'm not here to gamble, I'm here to become a profitable and professional trader - time to make big changes.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out