FX:GBPUSD   British Pound / U.S. Dollar
266 8 16
Details on chart.
Comment: GBPUSD kept stop and reversed from 1.40 level..
Broad Range still in process of 1.40 and 1.45..
Comment: Gu holds bullish pattern on small time frame.. and move towards 1.42 and high still possible today.
Comment: Clear break required of 1.4156.. otherwise it will fall back towards 1.406..
Comment: We now have break of resistance.. now lets see how long it sustain above..
Comment: Break of 1.4255 would be extremely bullish with 4hr candle close above it will confirm more upside.
Comment: Daily chart.

Comment: Stop now at BE. Fall below 1.4155 will make it bearish.
Comment: We have now break of 1.433.. so rise above 1.44 is very likely.
Comment: 1.4367 is trendline resistance..
Comment: Closing half of position.. and remaining at BE.
Comment: Possible Head and Shoulder.. just an idea..

( Sell ) long 1.46xx? or befor!
many still on sell from current figures with stop little above at resistance trendline... its possible gu lean down but I prefer sell only from 1.461..
+1 Reply
newbie2016 newbie2016
1.437 is only resistance now and above it will march for 1.46
+1 Reply
buying the pair is risky now . i am shorting from 1.4270
newbie2016 Gbprider
every setup has risk lol..
Gbprider newbie2016
heheh. did u check trend ?clearly shows downtrend , they why long ? i am not offense you any means .
newbie2016 Gbprider
there are only 2 possibilites.. stop out and take profit.. so if stopped out then thats normal.. i will stick to my plan..
Gbprider newbie2016
KKK :)
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