FX:GBPUSD   British Pound / U.S. Dollar
Price is above the moving averages and the RSI is above 40 in this chart so the trend in this time frame is up. Since I believe we are in a c wave of a larger expanded flat, I am placing long trades at signal entry points derived from shorter time frame charts. I will begin liquidating my positions near the 9/18 highs. If price breaks below a moving average on close, I will get out and re-evaluate.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.