On gbpusd a bullish bat has formed. The pound is at a very significant area at the moment. If you see bullish evidence this will be a great trade to take. If it meets your trade plan then all the best. cheers mates
Please be patience and pay attention to this chart. It is a very important chart and it is what exactly I trade myself based on. In order to have a better understanding of this chart please try to import it by "Make it Mine" bottom.
Trade Safe and consciously.
Mysterious sterling strength:
1. Sterling has managed to par losses and actually rise in past days despite a number of heavily weighted factors increasing GBP downside pressure e.g. MPC M. Weale switching to the doves, PMI/ Business Optimism 8yr lows, Sterling rates markets consistently pricing >25bps of cuts to the BOE base rate (details below), the median bank...
For those who missed to enter long in cypher there is another entry reason, an entry based on simple pullback.
Even if you took cyphers and want to hold this trade for much higher targets and if its in your trade plan, this is nice opportunity to hold on to your long positions in GBPUSD
As its in 4h, this GBPUSD trade may take around 3-5 days for completion of...
Learn to trade successfully boafx.com - Although this currency pair is still undefined in its direction it is worth mentioning the possibilities to the upside. Recently the UK data has been coming out better than expected apart from the recent q/q GDP. The US also had a better than expected CPI reading which has caused the GBP/USD to cut the recent rally...