this week pounds dropped with big pressure, so point of our views gbpusd again trope from 1.3000 level
BUY EURGBP for a nice buy trade position with a 1:1 risk to reward ratio. Targets as shown.
GBPUSD looks like its at a nice reversal level and is heading south. Targets as shown.
EURGBP looks like its about to pop up according to my strategy. The next few candles should show potential to move upwards. I placed my target and stops to just above a 1:1 risk to reward ratio, when price is near my take profit, I will remove the take profit and place a trailing stop to maximize profits.
were anticipating to move lower taking out the liquidity At equal lows and reaching all the way to a monthyl/weekly low levels ! Trade safe & use propper risk management .
GBPAUD looks like a nice sell on the hourly chart that is worth about a 90 pips target. My moving averages indicate a trend reversal popping up.
GBPNZD looks like its about to reverse into a downwards trend. It tested the moving averages with a nice potential rejection heading south. A reasonable risk to reward ratio was placed taking into consideration that there is room for a third retest.
Here's my GBPUSD short setup. Estimated trade length: 2 - 10 days Entry: 1.31185 SL: 1.32120 (94 pips) TP1: 1.30216 (97 pips) TP2: 1.29241 (194 pips) TP3: 1.28351 (283 pips) Disclaimer: This is not a financial advice. Trade safe, Atilla Yurtseven
5 subwaves of 1st wave is complete. 2nd wave in progress.
Once the London market opens, ie will make gbp lose strengh Use risk management.
Critical Level : 1.35153 Key Level : 1.3156 - 1.30782