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UsamahMoney
Feb 2, 2018 3:32 PM

GBP/USD  

British Pound / U.S. DollarFOREX.com

Description

FOREXCOM:GBPUSD

One I did earlier...

Key level 1.4250 was acting as support but was broken along with trend line which indicated a sell. Entry at 1.4245. Price then hit key level 1.4200 which was not broken but then used SMA as resistance which indicated potential further downward movement. Three strong sell candles also indicated strength in this movement. US data was released and price continued to fall breaking key level. Price then ran into take profit at 77 pips.

Could have let trade run longer but stuck to my gameplan. Frustrating as this was on a demo but good to see my strategy is working.
Comments
bolli49
Hi , I agree to your Analysis, the Price can be shorter to 1,4
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