Hello traders,
Today I would like to present you my short-term trading plan on the GBP/USD currency pair. The technical analysis include H4 review, H1 review and M15 review with possible entry points and opportunities. This is a both way scenario trading plan, but I am more inclined to look for Sell opportunities.
You can see the full technical analysis video on our Youtube channel.
Below I am posting the respective zones in numbers as well as a quick review of the economic calendar for this week.
Not to forget - Live Signals based on this plan will be posted on Telegram and Twitter.
Zones:
H4 Resistance Area 1: 1.3129 to 1.3165
H4 Resistance Area 2: 1.3249 to 1.3287
H4 Top 1: 1.3200
H4 Top 2: 1.3060
H4 Support Area (Main Target): 1.3017 to 1.2981
Fundamentals:
A lot of reports coming out this week, so volatility is expected.
Tuesday - September 25th
14:00 GMT (17:00 Bulgarian time)
USD Consumer Confidence
Expected reading is 132 from a previous of 133.4. This should have a short-term effect on the market as the confidence drops. Beware of surprises.
Wednesday - September 26th
18:00 GMT (21:00 Bulgarian time):
USD FOMC Rate Decision (Upper Bound)
USD FOMC Rate Decision (Lower Bound)
18:30 GMT (21:30 Bulgarian time):
USD FED’s Powell Holds Press Conference
A few events that are already being priced in on the market. We are expecting some strong volatility and most likely a reversal in the price movement.
Thursday - September 27th
12:30 GMT (15:30 Bulgarian time)
USD Advance Goods Trade Balance
USD GDP Annualized (2QT)
USD Durable Goods Orders
A few major reports coming out on Thursday. From what I can see they might have a positive effect on the USD, meaning that they will boost the downtrend on the GBP/USD currency pair. Although it looks good - beware of any surprises.
14:30 GMT (17:30 Bulgarian time)
GBP BOE’s Carney chairs panel in Frankfurt
Beware of this event as it might lead to huge volatility especially on the lower time frames. Listen closely to what Carney has to say as this might give you some hints on the overall economy of Great Britain. This is important especially now in the Brexit Era.
20:30 GMT (23:30 Bulgarian time)
USD Powell Makes Brief Remarks on U.S. Economy
A huge and very important event. This event might give us the direction of a more long-term trend on the USD. The US economy is a leading indicator for most of the currency pairs, so listen carefully and take notes as this can give you a possibility for either Selling or Buying the USD in the next few months.
The team of DMTrading Bulgaria wishes you a good and profitable week! :)
Today I would like to present you my short-term trading plan on the GBP/USD currency pair. The technical analysis include H4 review, H1 review and M15 review with possible entry points and opportunities. This is a both way scenario trading plan, but I am more inclined to look for Sell opportunities.
You can see the full technical analysis video on our Youtube channel.
Below I am posting the respective zones in numbers as well as a quick review of the economic calendar for this week.
Not to forget - Live Signals based on this plan will be posted on Telegram and Twitter.
Zones:
H4 Resistance Area 1: 1.3129 to 1.3165
H4 Resistance Area 2: 1.3249 to 1.3287
H4 Top 1: 1.3200
H4 Top 2: 1.3060
H4 Support Area (Main Target): 1.3017 to 1.2981
Fundamentals:
A lot of reports coming out this week, so volatility is expected.
Tuesday - September 25th
14:00 GMT (17:00 Bulgarian time)
USD Consumer Confidence
Expected reading is 132 from a previous of 133.4. This should have a short-term effect on the market as the confidence drops. Beware of surprises.
Wednesday - September 26th
18:00 GMT (21:00 Bulgarian time):
USD FOMC Rate Decision (Upper Bound)
USD FOMC Rate Decision (Lower Bound)
18:30 GMT (21:30 Bulgarian time):
USD FED’s Powell Holds Press Conference
A few events that are already being priced in on the market. We are expecting some strong volatility and most likely a reversal in the price movement.
Thursday - September 27th
12:30 GMT (15:30 Bulgarian time)
USD Advance Goods Trade Balance
USD GDP Annualized (2QT)
USD Durable Goods Orders
A few major reports coming out on Thursday. From what I can see they might have a positive effect on the USD, meaning that they will boost the downtrend on the GBP/USD currency pair. Although it looks good - beware of any surprises.
14:30 GMT (17:30 Bulgarian time)
GBP BOE’s Carney chairs panel in Frankfurt
Beware of this event as it might lead to huge volatility especially on the lower time frames. Listen closely to what Carney has to say as this might give you some hints on the overall economy of Great Britain. This is important especially now in the Brexit Era.
20:30 GMT (23:30 Bulgarian time)
USD Powell Makes Brief Remarks on U.S. Economy
A huge and very important event. This event might give us the direction of a more long-term trend on the USD. The US economy is a leading indicator for most of the currency pairs, so listen carefully and take notes as this can give you a possibility for either Selling or Buying the USD in the next few months.
The team of DMTrading Bulgaria wishes you a good and profitable week! :)
