By focusing on the very strongest vs weakest of the MAJOR CURRENCIES, we are able to hold onto our WINNING TRADES for much LONGER without the fear of giving back open profits to the markets.
2021 So far, has been VERY GOOD to us keeping us on ONE SIDE of the market and only buying the BRITISH POUND GBP against the weakest of the other Majors.
Less usually means...
GBP Strengh has been relentless
We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform.
A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
#94 gbpusd
Purchase range: 1.30503
Targets: 1.32006- 1.33509- 1.35012
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.29000)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.30503(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched...
GBPNZD trying to break the main resistance and has tested it multiple times now today GBP CPI news coming out can act as an enzyme to boost it up to and can even cross it's resistance of 2.03982
GBPNZD buy@2.03292
tp@2,03982
tp2@open
Enter this and close half lots when tp1 hits and move the sl at entry level and go long term to earn hell lot of pips
follow me and...
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You can buy GBPUSD from 1.294
Stop-loss at 1.29
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This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st...
Already took long positions this morning after the momentum shift in GBP. waiting on break above flag pattern on 4H to add more positions to this trade.
Room to buy GBP at 1.9270, stops at 1.9170 and immediate targets at 1.97 or so. Chances of GBPNZD continuing with its initial buy run is high. I remain net bullish on GBP.
There is a likelihood of GBP gaining ground this week especially if today's candlestick is bullish. All we have to remember is that relative to last week, prices are down 80% and on Friday, March 3, some bullish candlesticks printed in the 4HR chart. What is important now is a follow through and rejection of lower lows. If bulls clear Friday's highs in the daily...
I think they might be a take off in this pair and current prices are perfect opportunities for buying on dips.
Buy stop at 1.7560
Stop Loss at 1.7460
Take Profit: 1.79 for a 1:3 risk reward ratio
More details here: forex.today
Hey guys,
In the daily chart, there is a buy signal though not at the oversold territory. I will place a buy stop at September 20 highs of £1.32. If price action fails to correct lower towards the 20 period MA and at the 61.8% Fibonacci level then our sell stop will most likely be activated.
This trade will be as follows:
Buy stop: £1.32
Stop Loss: £1.3
Take...
