Jun 2, 2018
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Misty departure. by John Whiteley Via Flickr:
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
New Post has been published on https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
GBP/USD – 1.2613
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.2554
Kijun-Sen level : 1.2537
Ichimoku cloud top : 1.2480
Ichimoku cloud bottom : 1.2404
Original strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
As cable has surged again after breaking indicated resistance at 1.2546, adding credence to our bullish view that recent rise from 1.1986 low is still in progress and may extend further gain to 1.2635-45, however, loss of upward momentum should prevent sharp move beyond 1.2650-60, risk from there has increased for a retreat to take place later.
In view of this, would not chase this rise here and we are looking to buy cable on pullback as previous resistance at 1.2546 should turn into support and bring another rise. Below support at 1.2491 would abort and signal top is formed instead.
Read More https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
New Post has been published on https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
GBP/USD – 1.2613
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.2554
Kijun-Sen level : 1.2537
Ichimoku cloud top : 1.2480
Ichimoku cloud bottom : 1.2404
Original strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
As cable has surged again after breaking indicated resistance at 1.2546, adding credence to our bullish view that recent rise from 1.1986 low is still in progress and may extend further gain to 1.2635-45, however, loss of upward momentum should prevent sharp move beyond 1.2650-60, risk from there has increased for a retreat to take place later.
In view of this, would not chase this rise here and we are looking to buy cable on pullback as previous resistance at 1.2546 should turn into support and bring another rise. Below support at 1.2491 would abort and signal top is formed instead.
Read More https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
New Post has been published on https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
Trade Idea Wrap-up: GBP/USD - Buy at 1.2520
GBP/USD – 1.2613
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.2554
Kijun-Sen level : 1.2537
Ichimoku cloud top : 1.2480
Ichimoku cloud bottom : 1.2404
Original strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.2520, Target: 1.2625, Stop: 1.2485
Position : –
Target : –
Stop : –
As cable has surged again after breaking indicated resistance at 1.2546, adding credence to our bullish view that recent rise from 1.1986 low is still in progress and may extend further gain to 1.2635-45, however, loss of upward momentum should prevent sharp move beyond 1.2650-60, risk from there has increased for a retreat to take place later.
In view of this, would not chase this rise here and we are looking to buy cable on pullback as previous resistance at 1.2546 should turn into support and bring another rise. Below support at 1.2491 would abort and signal top is formed instead.
Read More https://worldwide-finance.net/analysis/trade-idea-wrap-up-gbpusd-buy-at-1-2520
12520
Band worshiping needs to stop.