nelsyboy

Future GBP/USD Price Action

OANDA:GBPUSD   British Pound / U.S. Dollar
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1
I previously posted a BUY for this pair on 14th May which did prove to be a very small bounce at the time my idea was posted. Price has now carried on down to another junction of trend line and previous BUY price. It's a risky BUY but one to watch in a lower time frame perhaps. Obviously if there is a solid break of line at close tonight, then chances are the next candle will also be down.

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Is it promising now ?
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nelsyboy kasekemacdonald
@kasekemacdonald, there is small movement up today but that is expected as per many ideas on trading view. You could have bought at the close on Friday but that is against the trend and therefore more risky. It's definitely a SELL and you just have to choose your entry price.
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GBPUSD Always gives us some crazy moves. Lets see what happens next week.
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nelsyboy PeterHedger3
@PeterHedger3, You are not wrong there. I trade with IG and this pair opens on Sunday night so I will be watching like a hawk.
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