GBPUSD 4H TECHNICAL ANALYSIS Long

FX:GBPUSD240

British Pound/U.S. DollarFXCM

Description

⋅ Mar 1, 2017 8:52 AM

We take long position at 1.2350 and book profits at 1.2500

Comment

⋅ Mar 2, 2017 7:10 PM

The price is stuck in to the triangle in 30 minutes chart. We reckon the price will break the triangle after consolidation of few more candles and than head to 1.24 level very quick.

Comment

⋅ Mar 7, 2017 6:02 PM

Break and here you go !!

Trade active

⋅ Mar 8, 2017 8:47 PM

Need to break 1.2180 and here you go !!

Trade active

⋅ Mar 15, 2017 8:22 PM

Heading towards 1.2400

Trade active

⋅ Mar 16, 2017 1:05 PM

Little consolidation and than 1.2450 & 1.2550

Comments

Mairita

⋅ Mar 1, 2017 3:42 PM

Hi,where do you place sl in your trades?

ahgillani

⋅ Mar 1, 2017 6:08 PM

@Mairita, Normally I put SL equal to the profit - In this particular position, I place SL @ 1.2250

Mairita

⋅ Mar 1, 2017 6:25 PM

@ahgillani, thank you!