newbie2016
Long

GBPUSD Range Bound

FX:GBPUSD   British Pound/U.S. Dollar
345 15 21
10 months ago
  • 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..!!!


10 months ago
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.
10 months ago
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.
10 months ago
Comment: If we couldnt break 1.434 then we will see gbpusd back below 1.42 and possible towards 1.414 as well..
10 months ago
Comment: gbpusd didnt taken out 1.434.. so now 1.4135 on way.
bilk29
10 months ago
1.447 sell?
Reply
newbie2016 bilk29
10 months ago
1.447 for now too high :) if it goes there then expect 1.46 and high..
+1 Reply
bilk29 newbie2016
10 months ago
thank you.
+1 Reply
newbie2016 bilk29
10 months ago
your welcome!
+1 Reply
AhmadHassan745
10 months ago
I am thinking opposite.
My view is to go short.
Let us see what will happen
snapshot
+1 Reply
newbie2016 AhmadHassan745
10 months ago
I agree with you.. as far as it is below 1.433 it is short with targets below 1.42...
Reply
newbie2016 AhmadHassan745
10 months ago
but i prefer only to go on long side due to seasonal as well...
+1 Reply
forker PRO
10 months ago
I see this thing drop...
...Short <---Me §8-)

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

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


Reply
newbie2016 ChimbOt
10 months ago
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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