GBPUSD 1.5470 -> 1.5380

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             on Monday tested descending trendline that connects max levels of 25.Aug and 18.Sep, 1.5818 and 1.5658.
As displayed on 4-hour timeframe, GBPUSD             static resistance is set at 1.5494, local high of 14.Oct which has been tested 4 times since that time.
Bounce from 1.5495 and close below trendline projection 1.5470 gives opportunity to sell GBPUSD             targeting 1.5375.
Should I enter or should I stay?
GBPUSD is currently testing trendline support.
Good job on this. nice and clear on the reasoning.
rauan maglite55
thank you for the kind words maglite!
Very nice ;)
rauan morshedul.sazid
thanks! Hopefully it works out profitably!
+1 Reply
+1 Reply
morshedul.sazid morshedul.sazid
I am on the same boat too!
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