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meszaros
Jul 28, 2017 8:29 AM

GBPUSD waiting for long entry 

British Pound/U.S. DollarFXCM

Description

The figure shows an ATR axis crossing. The bottom part of the crossing of the axes can also be seen as a support axis. We are waiting for this axle to jump off. Then the exchange rate has to take waveform. If the happens, the primary purpose of the target price is 1,32364 . If the support axis is pemanently closed by the exchange rate, the strategy does not work.

Trade closed: target reached

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