Trader-VincentH
Long

GBPUSD : Short-Term Trading Strategy

FX:GBPUSD   British Pound / U.S. Dollar
On daily chart I mentioned it is now in downtrend or correction movement with the rebouncing of usdollar and dovish speech.

If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.

On 1h chart, there is a bullish cypher pattern of pound at 1.3100, near 1.3090 I mentioned before, price may get some support temporarily.Watch the price action there.

Enjoy if u like.
Oct 19
Comment: Approaching 1.3090, consider to buy dip , watch levels at 1.3060,1.3030
Oct 22
Comment: Nice shot if u long at D point
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out