Was stopped out at 1.3075 but gbpusd is still a sell to me.. Big day tomorrow and there can be spikes..
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To keep bullish action.. gbpusd needs to close 4hr candle above 1.336 otherwise downside towards 1.31 again looming.
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gbpusd back below yesterday spike and clearing 1.322 again..
Now we have 2 double tops.. one at 1hr chart and other at 4hr chart.. and very strong resistance till 1.355.
Remain short as downside is still looming of 1.20
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For short term, if gbpusd remains below 1.332 then target is towards 1.30.
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Breakout... 1.305 gone!!!!!! Targets towards 1.20 now if 1.35 remsins
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Death Cross Formation in process on 4hr time frame..
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I am out at 1.304...
Gbpusd now preparing jump towards 1.315
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In order to play weakness of gbp.. i am shorting gbpaud from 1.75and i think it has more 700 pips to go from current prices 1.696.. for now as far as 1.7125 holds nearterm targetis 1.68 and 1.67
Getting a power nap. GBP catalysts could push price further in our favor.
Rocketman
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I thought your stop was above 1.3650. Jut leave it there and wait. The more you fiddle around the more you churn your account. hehe...
newbie2016
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Earlier stop was therr.. but now i am into intraday due to market fluctuations.. it can still move for 124.5 major support but if it keeps 1.294 for today then expect jump towards 1.308
Rocketman
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Its waiting on that economic data release to come out in one hour.
newbie2016
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Now you know why i change stop as i was aware of bounces... and regarding data... technicals simply change whole scenario...
Qasimshahzadgt
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thanks dear. ..i am also waiting good pettern. can you join our trading group on skype there are many seniour traders.
newbie2016
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Thanks.. gu is now bearish below 1.304 and now if it remains below 1.3085 then targets are
1.294 and 1.28. Stop sell side 1.3085
Qasimshahzadgt
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dear what about gbpjpy ?
newbie2016
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Gbpjpy neutral today.. it taken out 133.8 thats positive for bulls but today is monday not to forget..