Fxprotrader
Long

Buy Opportunity in GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
347 5 14
After a massive move to the down GBPUSD             has broken a long term resistance trendine and has already retested it with a small correction. Very nice spot to go long while MACD is in divergence which confirms my thoughts in this pair.

Stoploss and target profits as shown at the chart.
Trade closed manually: At breakeven
I am expecting 1 more high again towards 1433 and 144 again.. holding my long from 142.. will long again from 1.414 again..
Reply
Actually i exit the trade brecause of the breakout of this correction..
snapshot
+1 Reply
jhakas Fxprotrader
gu downside is indeed open.. but i am expecting a move to 1.446 then down again but for short term.. i am targeting 1.433 and 1.44 again..

my buying area again above 1.41 close to 1.415/7 with sl. close to 1.40
+1 Reply
jhakas Fxprotrader
currencies always make extended lows before moving up.. same is the case with gu..
Reply
Thank you for the info mate.. Intersting stuff..!
+1 Reply
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