GBPUSD at pivot level 1.5060 Long

British Pound/U.S. DollarFXCM

Description

⋅ Dec 3, 2015 4:13 PM

GBPUSD has approached for 3rd time in recent hours dynamic level at 1.5060.
Likely scenario: following positive EURUSD dynamics, GBPUSD closes above 1.5060 which confirms buy entry targeting 1.5160 area.
Alternative scenario: kick down from 1.5060 to 1.4970, then another leg up to 1.5160.

This idea is an updated view on a broader GBPUSD outlook.

Trade active

⋅ Dec 3, 2015 4:45 PM

Long entry confirmed, SL moved to 1.5040, TP 1.5160.

Trade closed: target reached

⋅ Dec 3, 2015 8:01 PM

Comments

kopparam

⋅ Dec 3, 2015 4:42 PM

it was a good analysis..............keep it coming.

rauan

⋅ Dec 3, 2015 4:45 PM

many thanks, Vijay
1.5060 entry level confirmed, let's see 1.5160 target reached in few hours.

EL_KHIBRATTOR

⋅ Dec 3, 2015 8:11 PM

Nice analysis man...keep going

kopparam

⋅ Dec 3, 2015 7:32 PM

this is my present view..............