tight SL and small lot size. GBP is having pressure at the moment, but I'm a bullish pound supporter...
weekly TF lines ascending channel's lower trend line nicely touched and bounced, it should now move up, weekly high resistance is at 1.61529. a realistic 60pips target is under next resistance around 1.48218
If it gets back to the narrower ascending channel, may the bull comes back again. - high risk so small lot size with tight SL. COT factors considered in.
down it goes, aligns with the economy data too
significant loss due to a simple decimal place mistake, re-entered at 1894.04 aiming to have some partial recover. bad day... bad day... realistic goal by close will be around 1910 if enough buyers buying dips
DXY is going downward for at least next 2 days (with hiccups for sure). the trend is still uptrend. COT shows more long orders and less short orders on pounds. And currently GBPUSD is back flat this Monday (Bank holiday in both US & UK), so once volume is back tomorrow, it should shoot up for another rally. I'm playing safe, but it can go up to 1.43 given enough...
simple setup not. If dollar gets some buyers it should bounce back up since uptrend is still valid
It be a day trade, maximum to Wednesday if SL not hit. Good luck
can entry now, but I have many positions so I keep it slightly lower
My previous long setup didn't get activated (such a luck otherwise I'll be in red.. :D) Further long with a relatively tight SL. Will it work out? Let's see
Fill the gap and move on. Tread is clear, COT indicates up too; I guess it's simply just too clear to all traders so now it's MM's call... let's move on...
JPY economy data is going to be not so good. GBP is overall still bullish in all aspects, DXY rising so JPY should be gong down, hence GBP from fundamental point of view against Yen should go up. 156 is an immediate resistance already, but I think it should reach 157 sooner or later. May be similar like last week get into consolidation for a few days then shoot...
it has reached to a resistance level of 134 on monthly chart, so the upward potentials in short term (4h & daily) will be limited. Will set this up soon after market opens.
NOTE: I don't do CFD, only have a small amount of BTC for experiment. So the trade idea here is actually 1 sell at selling price and 1 buy only after sell exceeds. good luck
It's Friday liquidation day, and bank holiday in the UK so we could see people TP soon after GBP rally to such an epic high. check on daily chart it seems GBP has reached to a level that it will not look back any further, good old days are coming back I guess. There'll be a deep correction soon, if not Friday, it will be soon next week
it should move higher above 110 soon