I prefer to Long GBPUSD pair. Let's hope for a best.
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: s3.amazonaws.com/tra...shots/u/uJ2ZhczK.png
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: s3.amazonaws.com/tra...shots/q/QMl8LG2d.png
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.
1. There is Divergence on 30m: Chart: s3.amazonaws.com/tra...shots/u/uJ2ZhczK.png
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: s3.amazonaws.com/tra...shots/q/QMl8LG2d.png
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.
Trade active
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Order cancelled
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Trade active:
Perfect.
Order cancelled:
The dangerous asset. A rigorous risk management is mandatory.
