FeroxWealth
Long

GBPUSD Potential Long Swing

FX:GBPUSD   British Pound / U.S. Dollar
TRADE TYPE: SWING

Although GBPUSD             has been bearish over the long-term, recently it has been extremely bullish , consistently making higher-highs and higher-lows. This could be part due to the fact that we are bouncing off of LONG-TERM support at weekly and monthly lows. Regardless, with today's news between the ECB and U.S. Jobless Claims price action has broken out of the indecisive ranging wedge that it was trading within throughout this week. Making a new high, we are expecting to see a bit of a sell-off out of Asia and during early London hours before another upside rally. The 1.44000 level poses a HUGE line in the sand for further upside movement, with a gap-down in price seen on every time frame including the Daily. This gap in price shows A LOT of selling pressure at that 1.44000 level that we do not want to mess with. We will look to take profits just before that figure if this trade plays out, and if we happen to break above 1.44000 with strong conviction, we could see even further upside on this pair!

Here at Unique4xPro we pride ourselves in being the World's first "Virtual Forex Trading Floor" where we will turn ANYONE that trades with us into a profitable for FREE! That's right... for FREE! All you need to do is to fund your own trading account.

If you want to join our trading team check out http://www.Unique4xPro.com
Also follow us on all of our social media:
Twitter @ Unique4xPro
Snapchat @ Unique4xPro
Instagram @ Unique4xPro
Tune in to our daily live market reviews @ 4:30 PM EST on Periscope @ Unique4xPro
nice
Reply
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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