flewis777
Long

OVERSOLD BRITISH POUND STALLED AT 200 MA

FX:GBPUSD   British Pound/U.S. Dollar
50 ma IS WAY ABOVE 200 ma AND PRICE HAS STALLED AT 200 ma LEAVING ME TO BELIEVE THAT THIS MOVE IS A POP-DOWN TO BE FOLLOWED BY A RETRACEMENT BACK UP. RSI IS SHOWING WAY OVERSOLD. FOR THIS ONE RISK REWARD LOOKS GOOD TO ME. I WILL PLACE A BUY STOP JUST ABOVE FRIDAY'S HIGH.
yes it seems it has found support, where would you put the stop loss?
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Just under the 200 MA
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LEONES PRO flewis777
ok thanks interesting
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LEONES PRO flewis777
there is an useful tool on the left just below the patterns. You can place the entry / stop loss and target profit
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I'll check it out. Thanks
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