RCtrader2

GBPUSD 27-31 January 2020

Long
FX:GBPUSD   British Pound / U.S. Dollar
The pound has exited the triangle formation on the H4 chart but has now returned to retest what was the upper limit of the descending triangle . Once finished, it might attempt to make another bull run towards 1.3200 and beyond.
Comment: Your thumbs up and comments are much wanted and I am grateful to receive them.
Trade active: It appears the pair is giving a good entry for shorts unless it crosses and closes above daily pivot again.
Trade active: The price action reversed as I thought it would, now there are low chances it will return to 1.3101 today.
Trade active: 1.3078 might be a good area to re-enter shorts
Trade active: The pair was pushed downwards by the golden cross (EMA200, EMA50).
Trade active: The bear run continues in the US session.
Trade active: The price reached the upper limit of what was descending triangle. It might reverse from this moment on and have a bull rally begin.
Trade active: The pair made a consistent retracement yesterday evening, but it seems it wants to retest previous low today.
Trade active: Nothing happened during FOMC release, though the price has this bullish feeling that one cannot ignore. Let's see what is going to happen during FOMC press conference and later after the current H4 candle is finished (london time).
Trade active: The price has spiked to 1.3089 after BoE Interest Rate Decision (Jan) was published.
Trade active: The price is 20 pips away from our target (tp1) 1.3200. :)
Trade closed: target reached: Our target (tp1) 1.3200 was achieved Today. :)

Comments

Thanks!
+1 Reply
Thanks!
+1 Reply
Seems legit
+1 Reply
RCtrader2 CryptoKittie
@CryptoKittie, It would be easy trading if it follows my projection. :)
Reply
Thank you!!! I closed my trade last night at 3.05 am with $1440.00 profit... Thanks again for your brilliant analysis!!!
Reply
RCtrader2 tonymorffi
@tonymorffi, I am happy it worked. Seeing it move downwards so much, I started to doubt that the target will be achieved, but I guess the last day of the week had a nice surprise for all of us.
Reply
tonymorffi RCtrader2
@RCtrader2,

Yes! very nice surprise w/ a beautiful morning!!!
Reply
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