GBPUSD Tripple button confirmed

FX:GBPUSD   British Pound / U.S. Dollar
The GBPUSD             has just confirmed the triple bottom on a 4h chart, bouncing of the support from 2002. Movement not confirmed by MACD yet, however it is confirmed by RSI 14 and Squeeze Momentum (LazyBear). The trade on chart is just an example trade, and as such the ratio is not the best. However I would recommend a long position, targeting 1.444, which is right below previous high, and SL below 1.405.

Looking at the US dollar             chart we might be seeing a further movement as the USD index has been on the decline since the start of February, crossing all the EMAs (25, 50, 100, 200) and TL. Currently at the level of 2015.10.15. As such I have switched by view on the dollar from bullish to bearish , and will not trade with the dollar again before I see a correction on the USD Index.
Entry: 1.413
SL 1.399
TP 1.444
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 House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out