GBPUSD End Of The Bull Run
Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
GBPUSD
Technical Outlook
To open short positions for GBPUSD , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The bull run of 2017 is starting to slow down as our readings are starting to detection a change in trend. This could possibly just be a market correction as it is still very possible that the British pound will continue to make gains over the dollar in Q2 of 2018. We will monitor the activity of our positive readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 420 pips will be up for grab with small risk SL at swing high. The 2 previous signal on this pair was 589 pips and another 466 pips of profit since JUL/2017 to current date. We have seen quite a bull run this pair and we are now looking to capture for the bears to deliver a impulse wave to the downside going into Q1 2018.
Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. We could possibly wait over 1-2months before an official signal if market decides to range on this exotic pair.
Current Dynamic S/R Levels:
Swing high: 1.34500
Swing Low: 1.3000
GBPUSD
Technical Outlook
To open short positions for GBPUSD , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The bull run of 2017 is starting to slow down as our readings are starting to detection a change in trend. This could possibly just be a market correction as it is still very possible that the British pound will continue to make gains over the dollar in Q2 of 2018. We will monitor the activity of our positive readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 420 pips will be up for grab with small risk SL at swing high. The 2 previous signal on this pair was 589 pips and another 466 pips of profit since JUL/2017 to current date. We have seen quite a bull run this pair and we are now looking to capture for the bears to deliver a impulse wave to the downside going into Q1 2018.
Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. We could possibly wait over 1-2months before an official signal if market decides to range on this exotic pair.
Current Dynamic S/R Levels:
Swing high: 1.34500
Swing Low: 1.3000
Note
Top pick on the watchlist, looking to execute signal very soonNote
Trend filter is now in negative territoryNote
Note
Still no entry signal but due to positive bullish ranging conditions bu once we get a signal trade can last up to 3-4 months up to 1500pips per position. Since march we have received 10 signals on D1 going long which would have been 4324 pips not including trades executed on lower time frames. We look forward to capturing a nice bearish movement going into Q1 2018. Happy Holidays traders and good luck.
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