mhtong98
Long

Potential Long Set-Up to 1.33

FX:GBPUSD   British Pound / U.S. Dollar
Hi all,

With the EU getting ready to offer a 'super-charged' free-trade deal to the UK in order to reach a Brexit deal, We could potentially look to long The Cable

We should see GBP/USD pullback to the regions of 1.30557(61.8%)-1.30383(200 EMA ) before continuing its onslaught towards the regions of 1.33011(61.8% of 16th APR to 16th AUG Impulse wave)

Potential News on the 10th October of UK's GDP and MP data could support GBP/USD move upwards.

Trading Strategy 1: Short GBP/USD to region of 1.30383 to 1.29950

Trading Strategy 1.1: Should GBP/USD continue its move upwards, look for key resistance level , 1.316 to short the correction wave to above mentioned region

Trading Strategy 2: Long GBP/USD from regions of 1.30383-1.29950 and catch 3rd wave upwards to region of 1.32663-1.33452

Resistance: 1.3119, 1.3161, 1.3216
Support: 1.3038, 1.3054, 1.3066

Good Luck,
Mh
Comment: We should see GBP/USD move sideways till the white vertical line till 10th October
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out