Should price action for the GBPUSD remain inside the 1.6790 to 1.6830 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.6810 Take Profit Zone: 1.7120 – 1.7160 Stop Loss Level: 1.6630 Should price action for the GBPUSD breakout above 1.6830 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.7120 – 1.7160 Stop...
Should price action for the GBPUSD remain inside the 1.6930 to 1.6960 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 1.6940 Take Profit Zone: 1.7160 – 1.7190 Stop Loss Level: 1.6830 Should price action for the GBPUSD breakout above 1.6960 the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 1.7160 – 1.7190 Stop...
The GBPUSD has been in a strong uptrend as visible in this H4 chart. There has been a big spike higher and this pair currently forms a temporary resistance level from which it is expected to descend into its ascending support line. MACD is bullish and suggests further upside potential after a correction especially if it remains bullish during the downward move. RSI is trading in extreme overbought territory for an extended period of time and will not be able to maintain this condition. We recommend a short position at 1.6045...
Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.6225 Hedge Level: Stop Buy Order @ 1.6350 (Take Profit Level @ 1.6500) Take Profit Zone: 1.5850 – 1.5900 Stop Loss Level: 1.6350 (We will not use a stop loss order and execute this trade as advised below) The GBPUSD has rallied after touching its horizontal support zone as visible in this daily chart (D1). This currency pair is now trading inside its horizontal resistance zone which is marked in red in the above chart. We expect the GBPUSD to...
Should price action for the GBPUSD remain inside the 1.6690 to 1.6730 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1.6700 Take Profit Zone: 1.6600 – 1.6620 Stop Loss Level: 1.6770 Should price action for the GBPUSD breakdown below 1.6690 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.6600...
