will be looking for a pullback before we jump into a short position
Seems market is not moving today due to US Bank Holiday. However, we figured one potential limit order before the pair continue down further to 261.8 level If price break the trendline.. then you should know what to do. Or the best way is.. wait until Sell Setup appear..? Good Luck...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
We get in to the trade at 1.2440 and get out at 1.2370 - The setup will be invalidate if it breaks 1.25 level.
Hi,traders!I hold a point:Good charts does not more words to explain! Good luck!
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit. RSI...
trading idea and price prediction for British Pound/U.S. Dollar (FX:GBPUSD)
This is my current Setup on GBP/USD. Waiting for price to reach entry level 1.2440 again to trigger the SELL.
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support). RSI (34) is seeing strong descending resistance holding...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low...
Telah Mengalami Koreksi Yang Sangat Tajam, Hari Ini GBPUSD Akan Kembali Down Trend Hingga Level Terbawah,
Buy above 1.2433. Stop loss at 1.2330. Take profit at 1.2563. Reason for the trading strategy (technically): GBPUSD has touched our entry level and is bouncing nicely as expected. We remain bullish on GBPUSD above major support at 1.2433 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce up to 1.2563 resistance (Fibonacci...