GBPUSD 1.23455 +0.22% LONG IDEA
Updated
GOOD DAY EVERYONE
HERE'S AN IDEA ON THE GBPUSD PAIR, THE POUND WAS UNDECIDED AS USUAL DUE TO BREXIT WORRIES, WEAK ECONOMIC DATA UPDATES, SPECULATIONS ON THE BANK OF ENGLAND'S NEXT MOVE, GLOBAL RISK SENTIMENTS AND COUNTER CURRENCY FLOW.
> THE POUND WAS STEADY AHEAD OF BREXIT TALKS THIS WEEK THERE WASN'T MUCH CHANGE AGAINST PAIRS SUCH AS EURO AND THE DOLLAR.
> THE DOLLAR ALSO SAW A STREAM OF WEAK ECONOMIC DATA UPDATES BUT SOME POSITIVE SENTIMENTS ON THE ECONOMIC RE-OPENING
> US-CHINA , RISING TENSIONS STILL AS CHINA WARNED US AGAINST SPARKING COLD WAR. U.S MOVED TO AUDIT CHINESE FIRMS
TECHNICALLY WE ARE STILL IN THAT RISING CHANNEL IN THE GBPUSD PAIR THAT IS CURRENTLY AT RESISTANCE LEVEL 1.24038, THIS LEVEL IS KEY IF WE BREAK TO THE UPSIDE WILL BE LOOKING FOR LONG ENTRIES ON THE PAIR ,
> IF WE FAIL TO BREAK THIS LEVEL WILL LOOK FOR SHORT ENTRIES LOOKING TO RETEST THE CHANNEL FORMING AN ASCENDING TRIANGLE STRUCTURE SIGNALING A BREAK TO THE UPSIDE....
ENTRY - FOLLOW YOUR ENTRY RULES
RISK MANAGEMENT
PERIOD - SWING
HERE'S AN IDEA ON THE GBPUSD PAIR, THE POUND WAS UNDECIDED AS USUAL DUE TO BREXIT WORRIES, WEAK ECONOMIC DATA UPDATES, SPECULATIONS ON THE BANK OF ENGLAND'S NEXT MOVE, GLOBAL RISK SENTIMENTS AND COUNTER CURRENCY FLOW.
> THE POUND WAS STEADY AHEAD OF BREXIT TALKS THIS WEEK THERE WASN'T MUCH CHANGE AGAINST PAIRS SUCH AS EURO AND THE DOLLAR.
> THE DOLLAR ALSO SAW A STREAM OF WEAK ECONOMIC DATA UPDATES BUT SOME POSITIVE SENTIMENTS ON THE ECONOMIC RE-OPENING
> US-CHINA , RISING TENSIONS STILL AS CHINA WARNED US AGAINST SPARKING COLD WAR. U.S MOVED TO AUDIT CHINESE FIRMS
TECHNICALLY WE ARE STILL IN THAT RISING CHANNEL IN THE GBPUSD PAIR THAT IS CURRENTLY AT RESISTANCE LEVEL 1.24038, THIS LEVEL IS KEY IF WE BREAK TO THE UPSIDE WILL BE LOOKING FOR LONG ENTRIES ON THE PAIR ,
> IF WE FAIL TO BREAK THIS LEVEL WILL LOOK FOR SHORT ENTRIES LOOKING TO RETEST THE CHANNEL FORMING AN ASCENDING TRIANGLE STRUCTURE SIGNALING A BREAK TO THE UPSIDE....
ENTRY - FOLLOW YOUR ENTRY RULES
RISK MANAGEMENT
PERIOD - SWING
Note
Trade active
HOLD..Trade closed: target reached
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