FX:GBPUSD   British Pound / U.S. Dollar
You can see 2 very key support and resistance levels drawn on the chart and price is nearly at our resistance level , we can only see downwards movement at market open after a very strong bullish rally on Friday just before market close price looks over bought so we are expecting bearish movement.
Its like if you go to the pub on a Friday night and you " over buy " pints of beer there is only going to be 1 outcome... you will " fall down " and wake up like a BEAR with a sour head.

Keep charts and thoughts simple and you will make progress, try and over complicate things in trading and you will fail.
Keeping things simple shouldn't be a problem for half the population... just watch a few episodes of reality TV that will kill you a few brain cells ;p

If you need any help just message us, and that means help with trading.. or help drinking all them over bought pints down the pub.


I think many people are underestimating the power of the USD in the ratio. Plus Sterling could well tank. 😊😃
+1 Reply
ApexFX_Pro Captain_Walker
@Captain_Walker, GBP is a bloody gamble at the moment so I tend to stay away from trading it.. but this looks like a good setup.
@ApexFX_Pro, I don't gamble - but as it's a free country everybody is free do to so. Not for everybody is: http://www.newtrader.club/2017/09/03/what-is-gambling/
+1 Reply
Trump has threatened China with 25% increase in tariffs tonight (Sunday). If DJI plummets then I would normally expect USD to strengthen and all /USD pairs to come under bearish pressure. Expectation is not prediction!
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