The went lower last week, formed just above near-term support at 1.2828. As we have discussed recently,Bulls still taking in control. traders can still watch for pull backs ideally followed by a price action buy signal on the 1 hr, 4 hr or daily charts to get long.
Regarding to my last week analysis about GBPUSD/Sterling. GBPUSD exploded higher last week at the price broke above 1.2570 resistance. It closed well above the neaby resistance. This is obviously a Bulls taking in Control while bear still asleep. We can look for minor pull backs to the downside to get long and trade in-line with the bullish momentum. The price...
We take short position below the red triangle and book profit at 1.24000.
Do not open a trade if the closes above the red triangle.
Get out of trade if it breaks 1.291000
There is a possibility that GBP/USD holds it's support and breaks it's resistence about 200 pips up.
This is a continuation pattern. You can wait for more confirmation before investing.
Always make your own analysis before getting in any position as well as money manage properly. FX_IDC:GBPUSD
FX_IDC:GBPUSD
A possible 100 pips+ GBP/USD bearish move. Risk:Reward ratio of 1:3.
First target is 1.2305 and the second one is 1.2205 depending on how things turn out.
Always make your own analysis before investing.
In April 4, 2017,we found a "Crab" bearish pattern on the four hour chart to determine the downward trend signal.
At the same time,the price line is under its moving average(April 3,2017 ), the signal further show that price has formed a new downward trend
GBPUSD Looking to long near the support region around 1.2405 (Role Reversal & S&D) with a stop around 1.2310 region and targeting 1.2720 region.
However, if the market could go lower than my 1.2300 support region, MT bullish will negated and I will look for ST short instead.
and we will take that guys!
Well done to all those holding longs, not been a simple ride given the panic leg we have been experiencing.
Risk to my thesis is a very noisy week on the UK front, lets keep the conversation open here for all those trading this pair and discuss the macro side as well as TA.. it's very difficult to have conversations in the chat now...
The GBPUSD has broken the confluence of resistance at 1.2410/20 on an intraday basis. We discussed this area over the weekend as one that could give way to higher prices if broken.
I also mentioned last week’s bullish engulfing candle, which is the reason I ignored yesterday’s bearish rejection from the 1.2410 handle. It’s a good thing I did as the trade would...
Morning guys...
ahead of Hammond on the mic this Wednesday with the UK budget this is a great spot for buyers to come in. This is a very attractive level to get long, there is nothing from the fed this week so despite the huge repricing we saw over the past week with the probability of a hike edging on 80% we still saw the dollar close last week to the...
