FX:GBPUSD   British Pound / U.S. Dollar
Top Down Analysis:
- Monthly: The pair has been in an uptrend since the start of 2017;
- Weekly: Last Weekly candlestick broke above previous resistance, bullish activity expected for the coming week;
- Daily: Break of Bearish Trend Line of 25/01, 01/02, 26/03 highs. Although we broke above, Friday printed a Bearish Pin Bar ;
- 4 Hour: First candle of market open completely engulfed last Friday's closing candle, near a important S/R zone.

-GBP shows seasonal strength on April for the past 10 years;
-Monthly uptrend;
-Break of Weekly Resistance;
-Break of important Bearish Trend Line on the Daily time frame;
-Bullish Engulfing showing rejection of 1.424 level which was resistance on 26/03 highs;

Entry Trigger:
-Bullish Engulfing .

Stop Loss Placement:
-3 PIPs below trigger candle's low

Target Profit:
-25/01 Swing High.

Trade Management:
- Set and Forget.

Comment: +1.9R
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out