GBP/USD|2 POINT TRADE|3RD JANUARY 2019|BULLISH+BEARISH

GBP/USD| EMA + RSI + PULLBACK + FUNDAMENTAL ANALYSIS

GREEN EMA 8 CROSSOVER
NOTE | INDICATES SELL
NOTE | SELL ENTERED AT 1.26350
NOTE | TAKE PROFIT 25% OF LAST GREEN CANDLE (1 HOUR CHART)
NOTE | USE STOP/LOSS AS TAKE PROFIT MOVE WHILE PRICE DECREASES (1.262900)
NOTE | IF PRICE KEEPS FALLING KEEP MOVE/STOP LOSS 10% AT A TIME

9 PERIOD RSI
NOTE | INDICATES SELL
NOTE | RSI POINTS TOWARDS 50.000 RED HORIZONTAL LINE

BULLISH PULLBACK
NOTE | PRICE HAS NOW DECREASED & READY TO INCREASE
NOTE | ENTER STANDING ORDER (BUY AT 1.26500)
NOTE | WAITING FOR PRICE TO BRAKE THROUGH STANDING ORDER
NOTE | ONCE TRADE HAS ENTERED USE STOP/LOSS TO MANAGE TAKE PROFIT
NOTE | PRICE POTENTIALLY MAY RISE

FUNDAMENTAL ANALYSIS
NOTE | APPLE CAUSED A MAJOR LIQUIDITY LAST NIGHT MAKING MARKETS UNSTABLE
NOTE | USD DOMESTIC CAR SALES FORECAST RELEASED 20:30 PM (UTC) (PREDICTED BULLISH MOVE)

Comment:

FUNDAMENTAL ANALYSIS
NOTE | UK HOUSING MARKET HIT BY BREXIT REVIEW ON PRICES (POTENTIAL BEARISH MOVE)

Comment:

NEW STANDING ORDER
NOTE | SELL AT (1.26225)

Comment:

BUY TRADE TRIGGERED AT 1.26500
NOTE | OVER 250+ PIPS GAINED

Trade closed: target reached