Cable back in trend channel $GBP $USD #forex

FX:GBPUSD   British Pound / U.S. Dollar
Cable hit major support area (orange line). I assume it will bounce.
Furthermore we are in the trend channel again. It provide a good short opportunity.
Bank of England’s Monetary Policy remain unchanged; Interest Rate at 0.5 pct & £375 billion Asset Purchase Programme.
ECB will start their Purchase Programme on Monday.
Entry at 1.515
TP1 1.485
TP2 1.47
SL 1.536
I'm waiting for further confirmation, but of a similar opinion.
piptank IvanLabrie
Nice, How would your confirmation look like?
Depends, right now, I'd like to see the lowest low taken, and accumulation confirming the new trend is down.
piptank IvanLabrie
Yepp, i'm waiting for lower low, too
I'll try to play the correction on the way down, got a limit sell at 1.5134.
piptank IvanLabrie
great, i placed a sell limit @1.515 and 1.52
This last bearish leg is still young, but I think it has some potential considering the gold/usdollar situation.
piptank IvanLabrie
i think so. this hole mess with Central Banks pumping money into the market creates a huge bubble
+1 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