jolicoeur342
Long

GBPUSD - NEXT BUY AREA

FX:GBPUSD   British Pound/U.S. Dollar
1073 11 28
GBPUSD             just broke the upper trendline meaning that it is finally bullish till the next serious zone/resistance level! I'm expecting a trendline re-test before going up, so I will have my BUY limit set around 1.32150
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My SL will be right under the X of both trendline , Meaning that if it does break this support level it should retrace a bit more!
Low risk trade, BIG reward!
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nice one !
+1 Reply
Thanks!
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Jolicoeur: Excellent analysis, clean and simple, combined trend and supply demand structures in large picture! Do you also trade SP500 and TLT 30 year bond? In US, most of our investment money in 401k and IRA are in index or bond. So Your analysis on these two markets can not only traders, but also longer term investors. Thank you!
+1 Reply
Sadly no i dont trade SP500 and TLT 30 year! But thanks alot for the support !
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tu crois que GBPUSD a changé de trend ?
+1 Reply
Totalement!
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jolicoeur342 PRO ShahzadaIrfanHafeez
=)
Reply
Awesome analysis sir!
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Nice one. Simple yet detailed enough.
Thanks
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