Traders, This is my first time to give more details on my strategy for this pair.
First of all, my first trade on this pair next week must be long.
Now it just need to decide when to enter.
As my chart shows, I am waiting for a divergence for GBPUSD, so could be two choices for entry :1.31043and 1.29715. The decision will be made depends on how it go and stop loss only allow 50-30 pips.
FIBO382 1.36409 is my first target THEN FIBO.5 1.39039 THEN FIBO0.618 1.41670
I will also track retracement for this pair, pls keep attention on my chart.
Trade with plan and technique. And wish you all good luck!
Comment
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This trade could be half in now.
Comments
waterman
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Still you believe this will go up ? I see a new low for pound
waterman
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Agree. Long till Carney strikes with cut and stimulous is a good idea. ! Thanks.
FUNTRADER-Vera
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Couldnt agree more.
But I focuse more on techniques than news.
ThuhthuThuthus
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THANK YOU
FUNTRADER-Vera
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welcome.
vipul
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dont buy till rsi BELOW 30 when RSI sustain above 30 and retasted 30 lavel and going above 40 lavel its best time to buy . otherwise below 40lavel RSI its seem to be sideways
KennyLopez
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interest rates for GBP go to 0.25% next time, i think that GBP go short
FUNTRADER-Vera
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Yes, but that is not the way you trade to get money.
Sam0101
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Hi Vera, I saw your profile. It's great to know that you are based in Australia. I'm based in Melbourne, if we have a chance to meet and trade together ?