FX:GBPUSD   British Pound/U.S. Dollar
333 3 7
WILL LOOK TO BUY IF PRICE SPIKES THERE DUE TO NFP.
  • SIMPLE TRENDLINE SUPPORT.
  • PROVEN RESISTANCE TURNED SUPPORT 1.5500 REGION.

IDEA INVALIDATED IF CLEAN BREAK OF BOTH 1.5500 AND TRENDLINE SUPPORT IS SEEN DURING NFP.

Related Ideas

H4 DID FORMED A DOJI BAR ON THE TRENDLINE SUPPORT.
HOWEVER I WAS EXPECTING MUCH LARGER MOVE DOWNWARDS DUE TO THE NFP, IT DID NOT EVEN REACH 1.5510.
HOW DISAPPOINTING.
I WONT BUY ALTHOUGH THE H4 70 PIPS DOJI BAR SEEMS GOOD.
LOOKING @ LOWER LEVELS TO ENTER LONG.
Reply
lijie PRO
a year ago
near 50% and resistance also trend line 1.5520-1.5530 I think buy is good trad stop at 1.5480 target 1.5897
GBP/USD DAY
+1 Reply
PriceActionTrading lijie
a year ago
very nice ideas you have. Nice doji formed on D1 too. But im looking for lower levels to enter long. GBP seems to turn bearish, there may be more downside to come.
Reply
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