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newbie2016
Apr 6, 2016 5:50 AM

GBPUSD Setup Long

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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Details on chart.

Comment

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GBPUSD kept stop and reversed from 1.40 level..
Broad Range still in process of 1.40 and 1.45..

Comment

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Gu holds bullish pattern on small time frame.. and move towards 1.42 and high still possible today.

Comment

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Clear break required of 1.4156.. otherwise it will fall back towards 1.406..

Comment

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We now have break of resistance.. now lets see how long it sustain above..

Comment

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Break of 1.4255 would be extremely bullish with 4hr candle close above it will confirm more upside.

Comment

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Daily chart.

Comment

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Stop now at BE. Fall below 1.4155 will make it bearish.

Comment

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We have now break of 1.433.. so rise above 1.44 is very likely.

Comment

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1.4367 is trendline resistance..

Comment

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Closing half of position.. and remaining at BE.

Comment

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Possible Head and Shoulder.. just an idea..

gbpusdlong
Comments
bilk29
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( Sell ) long 1.46xx? or befor!
newbie2016
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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..
newbie2016
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1.437 is only resistance now and above it will march for 1.46
Gbprider
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buying the pair is risky now . i am shorting from 1.4270
newbie2016
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every setup has risk lol..
Gbprider
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heheh. did u check trend ?clearly shows downtrend , they why long ? i am not offense you any means .
newbie2016
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there are only 2 possibilites.. stop out and take profit.. so if stopped out then thats normal.. i will stick to my plan..
Gbprider
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KKK :)
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