GBP/USD exhibits a sideways trend as it braces for a slew of data releases from both the UK and the US, fluctuating around the 1.2550 level during the Asian trading session on Wednesday. The currency pair experienced notable volatility in the previous session, influenced by employment data from the UK and inflation figures from the US. Closing below 1.2550 in the...
hello traders lets go for the scalp gj i have sent out pervious signal if you miss that one we can catch some more trade easy as it is holday wish you good luck
Based on the current market structure and 25, 50, and 100 moving averages, we could build a case for another short on GBP USD. A good point of entry would be Point E which is 1.36906 and Target D (1.33646). You can wait for the bearish engulfing candle and price closing at 20,50 moving averages. Happy to get some feedback on this and please manage your own risk.
This was a good trade because I followed all my rules. However I didn't listen to my intuition that was telling me to TP before the Fed cut interest rates and everything went haywire. I was stopped out and am grateful that I have protectd myself and my account so that I can pursue my passion again tomorrow. Listening to Intuition and respecting what it's telling...
GU still in uptrend as long above year pivot 1,3050 and above Month vwap 1,3013 and 3Month vwap 1,3025 . But can go test these area can be nice opp to enter long opportunity.
Sell 149.20. Stop loss at 150.01. Take profit at 147.14. Reason for the trading strategy (technically): GBPJPY reversed off its resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect prices to drop to its support at 147.14 (horizontal swing low support) Stochastic (89, 5, 3) is reversed off its...