Doing Forex trades if the currency pair doesn't have INR is illegal as per FMCA act and it is also a non-bailable offence!
On 13th March, On grounds of Brexit, GBPUSD buying was a trade with a high probability of success. Then how to buy GBPUSD in Indian Market?
It is easy.
Buy GBPINR futures.
Short USDINR futures.
It literally translates into - GBPUSD buy....
We saw perfect long trade on GBPUSD >
at this moment rally is at its resistance we see great opportunity to sell gbpusd.
it can be early to jump on trade but keep watch and trade
traderand.co
GU has been in a daily correction since August,2018.
Based on EW count it has been making a flat correction and now C leg of that flat is about to be completed.
Based on price action I'm still anticipating one more move UP to break previous high and then make its way down.
GBPUSD trending upwards showing perfect prediction for long position.
keep in mind this is just chart analysis and prediction depends on my experience
put stoploss analysing fundamentals
traderand.co
Idea described in chart
THIS VIEW IS ONLY FOR EDUCATIONAL PURPOSES.
I AM NOT RESPONSIBLE FOR ANY POSITIVE / NEGATIVE OUTCOMES SHOULD YOU DECIDE TO TRADE THIS.
GBP/USD is currently in an uptrend in the 15-min chart.
It is currently retraced to its supportive trend line & breached its resistive trend line.
Hence we expect the pair to take support at the trend line and continue its bullish momentum from here.
GBP/USD, formed a double top pattern and broke the crucial support of 1.30222.
It also broke its trendline too which piles up the selling cue.
Hence we expect the pair to be bearish and move to the support at 1.29331.
As price action trader, I will use of supply & demand, S/R to find best key levels to trade . Here from Swing Perspective I have marked two Swing Key Levels to trade on Demand Side. First one is @ E:1.23868 & SL: 1.23542 which is just below support level and second one is @ E:1.22305 & SL: 1.21002 with Target of 1.30445
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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