Swing Trade GBPUSD - Simple PA w/S&D zone
Week 23, 3-7 June 2019
FA Stats:
- Theresa May’s decision to step down had provided more uncertainty around the investors/traders, concerns over the next PM’s stance on Brexit.
- Coming up this week: on 3 June: Manufacturing PMI 53.1 vs 52.5 - on 4 June: Service PMI 50.4 vs 5.60 - USD NFP Week.
TA Tactics:
- Daily, Hammer candle (engulfing on demand zone).
- 4h, Bullish engulfing candle, RSI Divergence.
S&D Zone:
- Daily, demand zone @ 1.2550-1.2590 (its good to wait for a reversal/continuation pattern on smaller timeframe in this zone).
- 4h, Support zone @ 1.2747 & 1,2930 (1.2865 is 50% Fib level).
FA Stats:
- Theresa May’s decision to step down had provided more uncertainty around the investors/traders, concerns over the next PM’s stance on Brexit.
- Coming up this week: on 3 June: Manufacturing PMI 53.1 vs 52.5 - on 4 June: Service PMI 50.4 vs 5.60 - USD NFP Week.
TA Tactics:
- Daily, Hammer candle (engulfing on demand zone).
- 4h, Bullish engulfing candle, RSI Divergence.
S&D Zone:
- Daily, demand zone @ 1.2550-1.2590 (its good to wait for a reversal/continuation pattern on smaller timeframe in this zone).
- 4h, Support zone @ 1.2747 & 1,2930 (1.2865 is 50% Fib level).