Buy above 1.2633. Stop loss at 1.2483. Take profit at 1.2886.
Reason for the trading strategy (technically):
Price is testing our major support at 1.2633 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect a strong bounce above this level to at least 1.2886 resistance (Fibonacci retracement).
RSI (34) sees...
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886.
Reason for the trading strategy (technically):
Price is holding really well above our buying area and forming a nice reversal pattern. We remain bullish looking to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support, bullish divergence) for a push...
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886...
Break of triangle and here we go 1.2770.
Do not open a position if the triangle is intact. Wait for the candle to close below lower trend line,
Let's Watch !!
Sell below 1.2933. Stop loss at 1.2988. Take profit at 1.2854.
Reason for the trading strategy (technically):
Price continues to hold perfectly below our selling area. We remain bearish looking to sell below 1.2933 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1.2854 support (Fibonacci retracement,...
GBP/USD Has broken it's bullish trend. It is now deciding whether it can breakout further down.
Invest with your own analysis and as always risk manage properly. This is only an idea.
Happy Trading!
After the broad drop of the Great Britain Pound-US Dollar Forex pair, it made a notable recovery with the help of the incoming Britain election and Dollar's decline from the NFP disappointing numbers.
Through the following days, the GBPUSD pair formed several 'bullish' inside bars at a notable support suggesting further push upwards.
Sell below 1.2933. Stop loss at 1.2988. Take profit at 1.2854.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell below 1.2933 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1.2854 support (Fibonacci retracement, horizontal swing...
Buy above 1.2830. Stop loss at 1.2791. Take profit at 1.2923.
Reason for the trading strategy (technically):
Price is approaching major support at 1.2830 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a nice bounce above this level to at least 1.2923 resistance (Fibonacci retracement, Fibonacci extension, horizontal...
As for the Pound / Dollar, the pair gained an average 470 pips since the last 3 months. We suggest a speculative buy on the pair with an initial target at 1.3095 and a stop loss at 1.2656. Take note that the pair might found some support around 1.2808 and limit upside around 1.3036.
GBPUSD
GBPUSD
GBPUSD...
After its recovery state before, during, and after the Brexit implementation, Pound was able to outperform several of its forex pair including the dollar -- being able to rise, and stay, above the 200sma, a long-term trend indicator.
After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals...
Now everything is clear
we wait
I do not use trend lines, Gunn lines and Fibonacci !!!
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
For the first time knocked out the stop loss. I restarted again. My strategy is based on work against classical technical analysis
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Do you want a secret to successful trading? Buy against the classic technical analysis. Because a good trend channel is seen downwards with a sharp drop, it can be a trap
I buy 1.28750 . SL 1.28580 TP 1.29700
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not...
The went lower last week, formed just above near-term support at 1.2828. As we have discussed recently,Bulls still taking in control. traders can still watch for pull backs ideally followed by a price action buy signal on the 1 hr, 4 hr or daily charts to get long.
