On the 4hr on GBPUSD a bullish gartley has formed. I am looking for bullish evidence before going long. I will have tight stop loss on this trade. Use proper money management.
Going long on GBPUSD is risky so keeping a short PT and SL.
Long Cable for Bat pattern formed. TP 1 : 1.3320 TP 2: 1.3375 SL: 1.3200
Ichimoku & heiken ashi bullish, slow SSRC bullish, waiting for fast SSRC to make a move up. Approaching 1X1 Gann line break. Target 1 1.349 Target 2 1.36249
Long GBPUSD with 3 target.
On gbpusd a bullish bat has formed. The pound is at a very significant area at the moment. If you see bullish evidence this will be a great trade to take. If it meets your trade plan then all the best. cheers mates
LONG 1.3275 or NOW SL: 1.3070 (205p) TP: 1.3480 (205p) MACD crossed & rebound on long term rise.
We have clearly broken out of that triangle with the TL above the pre-Brexit levels. Looking to go long @ 1.2960 with a stop @ 1.2850 and a target of 1.3150
After a considerable drop based on the General Election result I feel now is a good time to get in cheap on the GBP against a falling USD. I have placed my stop just below the current 200sma (which i expect to rise over the next few weeks) and set my TP below yesterday's open.
Fellow Traders. Please be patience and pay attention to this chart. It is a very important chart and it is what exactly I trade myself based on. In order to have a better understanding of this chart please try to import it by "Make it Mine" bottom. Trade Safe and consciously. Regards -Masih
Hello traders, Please do not hesitate to contact me with any question you might have. Cheers, Masih
Mysterious sterling strength: 1. Sterling has managed to par losses and actually rise in past days despite a number of heavily weighted factors increasing GBP downside pressure e.g. MPC M. Weale switching to the doves, PMI/ Business Optimism 8yr lows, Sterling rates markets consistently pricing >25bps of cuts to the BOE base rate (details below), the median bank...
For those who missed to enter long in cypher there is another entry reason, an entry based on simple pullback. Even if you took cyphers and want to hold this trade for much higher targets and if its in your trade plan, this is nice opportunity to hold on to your long positions in GBPUSD As its in 4h, this GBPUSD trade may take around 3-5 days for completion of...
Following my post on this pair early last week, the market didn't do what I expected it to do on this occasion but hey losing is part of the game & besides based on the results my back-testing on this pattern I know it only has a 60% winning ratio so that's 2 winners from last week and a loser on this pair.
After the strength we had in the GBP yesturday with regards to the employment and wage figures and the possibility of the FED pushing the rate hike further back I would value the GBP back up at the 15650 level. So I am looking for a quick 1:1 risk reward on this trade by the end of the week boafx.com
Learn to trade successfully boafx.com - Although this currency pair is still undefined in its direction it is worth mentioning the possibilities to the upside. Recently the UK data has been coming out better than expected apart from the recent q/q GDP. The US also had a better than expected CPI reading which has caused the GBP/USD to cut the recent rally short....
this if goes according to plan may take some time to complete, but i can trade the small reversals within, i have this bias mainly because of divergence.