Hoag
Long

GBPUSD Technical Analysis: Long Position Triggered;

FX:GBPUSD   British Pound / U.S. Dollar
Talking Points:

  • GBPUSD Technical Strategy: Bullish
  • Support: 1.5475, 1,5357, 1.5250
  • Resistance: 1.5635, 1.5675, 1.5780

GBPUSD             had a beating from BOE, but we still believe there is one pending leg up before it’s turn bearish . Currently pair broken bullish daily trendline but supported by bearish weekly trendline . We are expecting range trading between 1.5780 & 1.5500. Breaking below 1.5475 can find support at 1.5375. While above 1.5640 can open door towards 1.5780.

On Elliottwave view, we are holding temporary bullish view as part of correction label of wave (w)-(x)-(y) as part of flat correction . Our primary target will be 1.5780, while daily close above the bearish channel at 1.5640 will boost our confidence.

Our long from 1.5485 triggered and for primary target for 1.5780. Once, we reach our first target, we will close half position and leave half for more momentary gain. To receive instance trade update and analysis in your mailbox, please subscribe us for risk free 15 days trial by sending mail to hoagtrading@gmail.com
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