Trading Ideas
I took a buy here
Wed, 23 Aug 2017 17:03:52 -0500
good level for a 3 bounce on this ranging pair. watching it for a few days If a deeper breakout cut losses quick.
Wed, 23 Aug 2017 15:15:54 -0500
I prefer to Long GBPUSD pair. Let's hope for a best.
Wed, 23 Aug 2017 13:40:01 -0500
I have paid attention that many traders on this site being awaiting of future fall or decline of GBPUSD. I don't think so. Let me share my vision about it: 1. There is Divergence on 30m: Chart: 2. Some indicators have left a negative zone on 30m. 3. I would like to believe that small ascending channel breakthrough was just a false one and price will return in a channel: 4. I am Long oriented since 1.245. I don't think there is logically to return back to test that level again. This setup is just for information. Don't trade based on it. Remember that GBP is very danger asset, huge move sometimes happens - Risk Management is a mandatory. There are no simple trades.
GBPUSD Chasing support level
Wed, 23 Aug 2017 12:10:28 -0500
Price break the uptrend channel. and looks chase the support level. will put a short position in any pullback.
Wed, 23 Aug 2017 11:50:09 -0500
GBPUSD is bearish as long price is below 1.2915
GBPUSD long idea
Wed, 23 Aug 2017 09:50:31 -0500
I'd like to see one last stop hunt down towards the open liquidity mark before an optimal reversal presents itself on this 15min chart. Good luck!
GBPUSD - Bullish Shark Setting Up
Wed, 23 Aug 2017 09:18:27 -0500
1.2667 is the potential reversal zone. This is the bullish shark pattern on the daily chart. SL 1.2540 (137) TP 1.31 (443) Will be watching price action at reversal zone before entry.
GBP/USD: general review
Wed, 23 Aug 2017 09:04:56 -0500
Current trend The pair has finally managed to break down the important support at 1.2860, which makes the Pound more vulnerable. The British currency has been falling for the last few weeks and now, when the important support area is broken, it is only a matter of time before the pair falls even further to the region of 1.2600. The Pound will probably remain under pressure in the short- and medium-terms as the process of Brexit is likely to be prolonged. Many important factors such as the country’s access to the European markets yet remains unclear for investors. Due to the lack of important data from the US or UK today, the pair will continue trading with low volatility. Support and resistance On the 4-hour chart, MACD histogram remains below the zero and signal lines and its volumes are growing. Stochastic lines are in the oversold zone. The indicators signal sales. Support levels: 1.2780, 1.2720, 1.2670. Resistance levels: 1.2845, 1.2900, 1.2970. Trading tips Short positions can be opened below the level of 1.2780 with the target at 1.2720 and stop-loss at 1.2800. Long positions can be opened after the price consolidation above the level of 1.2850 with targets at 1.2900, 1.2970 and stop-loss at 1.2810. Validity – 1-2 days.
Wed, 23 Aug 2017 09:01:57 -0500
The GBP/USD pair has reached another new low. Possibly, the price may continue falling inside the downtrend. Later, in our opinion, the market may be corrected to reach 1.2900 and then continue moving downwards.
GBPUSD : Short
Wed, 23 Aug 2017 07:52:28 -0500
Shorting the gbpusd breakout !!!
Wed, 23 Aug 2017 07:32:51 -0500
Gbpusd broke the trend line and is forming a nice harmonic pattern based also in some fib levels. Shorting it until tomorrow GDP release !!!
Wed, 23 Aug 2017 05:20:02 -0500
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