GBPUSD | Perspective for the new week | Follow-up
Following a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of overnight dollar strength, and with a handful of high-impact economic features from both economies involved in these pair, we have a week with voluminous trading activities. In this video, we looked at the charts from a technical standpoint for how to take advantage of any trading opportunities in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
Sell position triggered as price action breaks down our key level
Trade active:
Secure sell position
Trade active:
UPDATE
Trade active:
Sell pressure continues; secure all psotiions
Good Morning
Good Morning
Trade active:
Secure all sell positions
Trade closed manually:
Price action takes out the sell positions with a small profit and it appears that we have found a new demand zone around the 1.23800 zone as sellers find it difficult to break down this zone.
Trade active:
Outlook on 15 minute timeframe
Good night
Good night
Trade active:
Secure the buy position as we look out for more opportunities.
Good Morning
Good Morning
Trade active:
Fallout from our live session this morning
Sellstop triggered
Sellstop triggered
Trade active:
Secure all sell positions as buying pressure resumes
Trade active:
Secure sell positions as bullish attempt is observed around the 1.23320 zone. We shall talk about this in detail during our live session
Good Morning
Good Morning
Trade active:
Fallout from our live session this morning
Trade active:
Secure sell position as we shall be using the trendline to guide our bearish activities
Trade closed manually:
Price action takes out all sell positions with profits as buying pressure appear to resume.
Good MOrning
Good MOrning
Trade active:
Secure all buy positions
Trade smart. Trade consciously
GOOD Morning