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

IDEA INVALIDATED IF CLEAN BREAK OF BOTH 1.5500 AND TRENDLINE SUPPORT IS SEEN DURING NFP.
near 50% and resistance also trend line 1.5520-1.5530 I think buy is good trad stop at 1.5480 target 1.5897
+1 Reply
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.
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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.
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