GBP - BULLISH but for how long? 1.40?!
GBP - One of my favourite currency pairs!
How's everyone doing? What's your favourite currency pair to trade? Do you have an edge? If not - Work hard and create your own edge - I am sure 100% you can and will accomplish that goal. If you don't know what edge is - Message me privately.
Sometimes, you don't actually need to trade all the currency pairs and concentrate on selective few that you may have further interest in creating your edge. I've been loving trading GBP - Scalped, day trades and even longer term trades kept for months! It's been great currency with the fundamental & technical aspects...BUT how long do we keep buying for? Well there are key resistance areas within longer time frames that you can analyse further in depth.
Quick outlook:
GBPUSD Technical aspects:
Pattern: Bullish flag Measured towards high ends of 1.39 areas nice confluence of Fib area.
Support: 1.38565, 1.38435, 1.38130
Resistance: 1.39250, 1.39460, 1.39705, 1.39955 - 1.40
IF we go below 50 EMA - I'd say bears will gain control.
Pay key attention to 1.39 half area!
Key tip: Don't go following or copying other peoples plans - Add further CONFLUENCE - Follow your own trade plan! It's more prosperous in the long run.
Have a good day.
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
How's everyone doing? What's your favourite currency pair to trade? Do you have an edge? If not - Work hard and create your own edge - I am sure 100% you can and will accomplish that goal. If you don't know what edge is - Message me privately.
Sometimes, you don't actually need to trade all the currency pairs and concentrate on selective few that you may have further interest in creating your edge. I've been loving trading GBP - Scalped, day trades and even longer term trades kept for months! It's been great currency with the fundamental & technical aspects...BUT how long do we keep buying for? Well there are key resistance areas within longer time frames that you can analyse further in depth.
Quick outlook:
GBPUSD Technical aspects:
Pattern: Bullish flag Measured towards high ends of 1.39 areas nice confluence of Fib area.
Support: 1.38565, 1.38435, 1.38130
Resistance: 1.39250, 1.39460, 1.39705, 1.39955 - 1.40
IF we go below 50 EMA - I'd say bears will gain control.
Pay key attention to 1.39 half area!
Key tip: Don't go following or copying other peoples plans - Add further CONFLUENCE - Follow your own trade plan! It's more prosperous in the long run.
Have a good day.
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
Trade closed: target reached
Trade closed: target reached:
Scaling out - SWING & DAY TRADES reached profit target. Have a good weekend!
Key tip: Focus less on your P&L & concentrate on what's in front of you at this present moment of time.
Key tip: Focus less on your P&L & concentrate on what's in front of you at this present moment of time.