fondiea
Short

Does gbpusd aim for reattacking to YPP (P)?

OANDA:GBPUSD   British Pound / U.S. Dollar
On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly.
It is currently stopped at MPP (P) 1.32437 this month which was made in July.

<< notes >>
Last month's MPP




On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at under 1.30000.
weekly chart



For now it seems necessary to observe from a neutral point of view.
The trading that can be done from now are as follows.


<< tactics >>
1) MPP (P) 1.32437 functioned as a resistance line.

short.
The first limit is 1.31000 before
The second limit is near WePP (S1) 1.30748

2) It is doubtful that MPP (P) 1.32437 functioned as a resistance line.
Through the top of the MPP (P), consider long as if it functions as a support line.
Otherwise we should observe.


I would be grateful if you like it idea,give me follow or agrees!

------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
------------------------- <Legend> --------------------------
Order cancelled:
It passed MPP.
I was not allowed to trade.
However, it is common!
Comment:
It began to fall again.
Let's observe.
Order cancelled:
It did not work again.
It will not go as you would expect.
I forget once.

This is one of the Possible Pattern
Regards
Reply
fondiea I-Fund-Trader
@I-Fund-Trader, Yes,Let's continue monitoring!
Reply
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