One can short FX:GBPUSD below 1.2647 where it has broken the Rising Wedge. Target at previous support levels, i.e. 1.2605 Stop at 1.2670
EMA,200 above the candlestick but please wait for the sideways to end to confirm the uptrend signal this week. have a happy trading guys
Watch break out price may reach to 1.28 level
GBPUSD the strong currency fell nose down on brexit, and has been remain in down trend since brexit, now it is gradually trading in upward direction, there is a good buying opportunity to enter long at 1.24124 in this pair with a target of 1.28063 in near term, traders be cautious of breakout downward as the pair doesn't seem too strong to hold the uptrend but...
Watch GBPUSD; I feel it is bottoming out near the Brexit lows
ENTRY 1.3080 STOP LOSS 1.3070 Target : 1.3403 Leverage : 50 means every one dollor invested gives u control over 50 gbp so if u invest 100 dollors u control 5000 gbp one pip movement is 50 cents or half dollor. if SL get hit you loose 50-55 dollors if tp gets hit u gain 165 dollors thats 1: 3 risk reward ratio approx
If Cable goes above 1.3070- our current count will get active & we shall look cable retesting 1.3481 & More in c?-wave. Regards, Abhishek H.Singh,CMT
Currently- If Cable moves above 1.3070-key level -Cable can test 1.3481(1.3478) - previous highs(a-wave-yellow wave) in the form of c?(yellow wave). The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low. Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets Trading Strategy-2: If Cable goes above...
Once GU crosses ...1.3091....Tiny Double Top...will confirm that GU....wants to move UP....till previous swing highs...1.3180--1.3200.... Regards, Abhishek H.Singh, CMT
L-S ( Long First Above 1.3091...Short Later Post 1.3020.....or in the zone 1.3180--1.3200.) GU made a low 1.3021--A fresh Low...I am looking for a corrective recovery in the zone 1.3182-0--1.3200... Trading Strategy-1: Going Above 1.3091...Longs could be taken for the target zone 1.3180--1.3200...Which will give us 90--100 pips.... Trading Strategy-2: ...
The fall from 1.3364 recent swing high quiet impulsive....as per previous update"GBPUSD...Fall..Fall..Fall)--break of 1.3150 was our short call which has been activated....currently cable is doing sideways & should carry down once current low@1.3110 gets broken... It should carry atleast till the zone 1.3050--1.3060 -where it will face next hurdle in its larger...