newbie2016
Long

GBPUSD Range Bound

FX:GBPUSD   British Pound/U.S. Dollar
345 15 21
  • We have 4hr Head & Shoulder Pattern.

    Inverted Head & Shoulder Pattern on Daily

    4hr Double Bottom at 1.4055

    Unfilled gap close to 1.447

    Range 1.40 and 1.45

    Strategy.. Buy on dips..!!!


Comment: If gbpusd remain supported above 1.417 and 1.419 then we might can see gu towards 1.43 and 1.434 for today.
Comment: So we now have breakout of resistance.. and prices can run 1.43 and 1.434..
Break of 1.434 will lead for above 1.44 in coming sessions.
Comment: If we couldnt break 1.434 then we will see gbpusd back below 1.42 and possible towards 1.414 as well..
Comment: gbpusd didnt taken out 1.434.. so now 1.4135 on way.
1.447 sell?
Reply
1.447 for now too high :) if it goes there then expect 1.46 and high..
+1 Reply
bilk29 newbie2016
thank you.
+1 Reply
your welcome!
+1 Reply
I am thinking opposite.
My view is to go short.
Let us see what will happen
snapshot
+1 Reply
newbie2016 AhmadHassan745
I agree with you.. as far as it is below 1.433 it is short with targets below 1.42...
Reply
newbie2016 AhmadHassan745
but i prefer only to go on long side due to seasonal as well...
+1 Reply
I see this thing drop...
...Short <---Me §8-)

snapshot
Reply
yes possible.. i said earlier.. that until and unless it cracks 1.434.. downside will be looming under 1.42.
Reply
forker PRO newbie2016
jep, understood it right then.

great charts you post - liky! ;-)
+1 Reply
Thanks! :)
Reply
gbpusd
+1 Reply
newbie2016 ahmedfx
yes possible.
Reply
Disagreed / great price action , wil continue to hold short
SELL gbpusd


Reply
newbie2016 ChimbOt
dude.. did i ever said.. that gbpusd will not fall?? please read my comments below chart.. i keep updating that gbpusd can fall below 1.42 if 1.434 not taken out... So regarding you GREAT PRICE ACTION for target towards 1.355 :) Keep your words with you.. this is forex.. anything can be changed at anytime..
+1 Reply
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