GBP/USD - Trading plan next week

British Pound/U.S. DollarFXCM

Description

⋅ Dec 8, 2018 3:48 PM

Descending Triangle has formed last month, I expect a breakout of the traingle somewhere this week.

To be updated!

Goodluck trading and follow me for more analysis!

Comment

⋅ Dec 9, 2018 10:38 PM

Opened at the support level, still waiting for the breakout.

Comment

⋅ Dec 10, 2018 12:02 PM

Break of the Support level. We might see a pullback before falling further. I'm waiting for confirmation.

Comments

rameezcfa

⋅ Dec 9, 2018 1:32 PM

Means u are expecting a breakout above 1.28 ?

Sander0161

⋅ Dec 9, 2018 1:35 PM

@rameezcfa, Yes, I do think that is going to happen somewhere this week.

rameezcfa

⋅ Dec 9, 2018 2:11 PM

@Sander0161, and in ur opinion the support will hold and not break ?? Actually i can bear it till 1.258. And i have a buy order stuck at 1.282. I want to close that at Breakeven.

Sander0161

⋅ Dec 9, 2018 2:14 PM

@rameezcfa, I can't tell if the support will hold, because it has been broken before as you can see. I'm waiting for a confirmation of the breakout atm before I will enter this pair.