TimStuyts

GBPUSD watch for break

FX:GBPUSD   British Pound/U.S. Dollar
277 4 13
7 months ago
GBPUSD             is about to break out of its short term structure. I favor a bullish move to test at least 1.455 but we have to keep an open mind and trade what we see. So I'll either be looking for 1.455 or 1.43.

www.timstuyts.com

www. facebook             .com/timstuyts
7 months ago
Comment:
snapshot

If we see a break below yesterday's low I will not be looking to buy anymore until structure tells me differently. If we see that happen, I need at least a new impulse higher and consolidation for a buy. On the other hand a bearish break and continuation is very likely because we are in a consolidation of higher degree, however I prefer to see a more significant consolidation first, hence a short term buy opportunity first. I will update a potential sell trade later today.
LukaszMosinski
7 months ago
it breaks now
Reply
TimStuyts LukaszMosinski
7 months ago
trend lines are for visualization. keep an eye on structure (impulse-consolidations) so what I do is entering after a minor consolidation after an impulse. This can be done both before as after the break of trend line as long as you manage your trade well.
Reply
I dont know I am right or not .
snapshot
Reply
TimStuyts SamehAnwerMohammed
7 months ago
Yes looks good, But on the other hand a rejection of the potential break followed by a bullish break means a buy trade. I still favor a bullish move but we will see.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out