Following a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of overnight dollar strength, and with a handful of high-impact economic features from both economies involved in these pair, we have a week with voluminous trading activities. In this video, we looked at the charts from a technical standpoint for how to take advantage of any trading opportunities in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Note
The week has started on a bearish note hereby breaking down our key level at the 1.245000 zone - a retest of structure will welcome another chance to sell.GOOD Morning
Trade active
Sell position triggered as price action breaks down our key levelTrade active
Secure sell positionTrade active
UPDATETrade active
Sell pressure continues; secure all psotiionsGood Morning
Trade active
Secure all sell positionsTrade closed manually
Price action takes out the sell positions with a small profit and it appears that we have found a new demand zone around the 1.23800 zone as sellers find it difficult to break down this zone.Trade active
Outlook on 15 minute timeframeGood night
Trade active
Secure the buy position as we look out for more opportunities.Good Morning
Trade active
Fallout from our live session this morningSellstop triggered
Trade active
Secure all sell positions as buying pressure resumesTrade active
Secure sell positions as bullish attempt is observed around the 1.23320 zone. We shall talk about this in detail during our live sessionGood Morning
Trade active
Fallout from our live session this morningTrade active
Secure sell position as we shall be using the trendline to guide our bearish activitiesTrade closed manually
Price action takes out all sell positions with profits as buying pressure appear to resume.Good MOrning
Trade active
Secure all buy positions
Trade smart. Trade consciously
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.