It has been observed on the 30 mins chart of GBPUSD that the price is at an important resistance level which has held well in the past along with an MACD Crossover. Entry: 1.2649 to 1.2666 Target 1: 1.2591 Target 2: 1.2534 Target 3: 1.2468
The rising trendline and the horizontal support at the FX:GBPUSD has been broken. Price is trying to retrace, but is unable to cross back the upside. If price does cross above, it should face resistance again at the red line. Short can be initiated at CMP or at 1.2535 if price retraces again later, if you are late to see this. Target will be a little above the...
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
The British Pound is rallying sharply this morning as UK Prime Minister Theresa May has formally announced that the government will seek parliamentary approval to trigger Article 50, the legal mechanism by which the UK could leave the EU
Long GBPUSD. Make Britain Great Again!
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...
GBP WILL FLY ONCE CROSSE THE TRENDLINE.
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