justatrader

GBPUSD, long on break of 1.497 or short from 1.52

FX:GBPUSD   British Pound / U.S. Dollar
411 5 7
I stumbled upon this few weeks ago. GBPUSD             looks poised for a test to 1.52 levels (would be a nice area to short ahead of the elections if resistance holds or if consolidation forms.

The measured move of the second box, targets the previous resistance (Box 1) that was broken tested for support and then broken on the way down.

Upside breakout from Box 2 could see 1.52 again being tested for resistance before declines.

Buy on test of 1.497 for support, or look to sell from 1.52 into the election period.
It should ideally break the triangle now, considering there have been 4 bounces in total.
Reply
base on this triangle, i reckon there is a need for price to go lower to around 1.44xx, i could be wrong
snapshot
Reply
I'm also looking at this.
snapshot
Reply
Good
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out