Lay-Z
Long

$$GBPUSD Long's (WEEK, 35'16)

FX:GBPUSD   British Pound / U.S. Dollar
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4
$$GBP/USD
Fundamentally US-DOLLAR Results Has Been Below Par This Month Of Sept,
With Less Than Expected ISM Manufacturing, Non-Farm Payroll & With The
Most Recently Ism non-manufacturing, However As A Technical Analysis I Wait
For News To Be Printed In Price Like As I Can See For This Possible Long GBP/USD Set-up

--Technical Watching GBPUSD I've Been Acknowledging Price Breaking Out Numerous Structure & With
The Recent Negative USD New's Has Giving Giving Pound/Dollar An Extra Push, To Create New Highs On
The 240 TF Since Mid June'16.

--GBPUSD Currently Breaking Resistance Area Around Price Level 1.34089
And May Possible Close Above 50% Fib Ratio Which Is Priced Around 1.34200

I Will Be Aiming For A Possible Long Position With My First Long Target Aiming For Roughly Price Area
1.35255 & My Second Target For Roughly 1.37142 If Price Breaks 38.2% And My Identified 240 Resistance Area
& Will Be Expecting A Possible Re-Test Of The Once Support Turned Resistance Structure.
Trade closed manually: Decided To Close GBPUSD Long @-9Pips Why? Lack Of Buying Strength Esp @The Area, Where I Brought It & Due To Dollar Correlation , Was Forecasting Another Leg Up From Here, However Acknowledged A Possible Bounce In Support From USDOLLAR, As For Now Am Shifting My Attention To USDJPY
Comment:
Comment: Happy With The 10Pips Loss With GU, As For Now The Set Up Could Also Indicate A Possible Deeper Fall For GU However I'm Staying Flat GBPUSD For Now
Comment: <<< Lol.

Comments

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