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Britishpound

First Forex Idea: Flag (continuation pattern) in bullish trendThis action could determine if EURGPB stays bullish on the higher timeframe. The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move. Daily there's a triangle being formed. The blue line is the upper side of the triangle. The green lines are my long entries and the red ones are my possible short entries that I will not take. Flag pattern in a bullish uptrend has a higher probability to continue its trend than to reverse. If you have any thoughts on this, let me know!
Long
by jonathanvn
2
GBPAUD, Possible next entry!Today there is possible increase volatility in the pair GBP/AUD after the speech of the Head of Bank of England Andrew Bailey. He said that negative rates are an important tool in the arsenal of the regulator. Investors drew attention to the report that it will take time to conduct technical preparations for the introduction of negative rates. Thus, the head of the Bank of England signaled a possible transition of monetary policy from zero to negative rates. In addition, Andrew Bailey directly pointed to a change in strategy of the Bank of England on inflation, following the example of the Federal Reserve. Technically it's upward accumulated and can continue its rising. It will be good for buyers if the daily candle will close above! Push like and write your comments. We will catch the best trades together! Thanks for your support!
Long
by Yuriy_Bishko
13
GBPUSD, How to recognize a direction?..You can recognize e next most possible movement near the Key levels with these two simple examples. A breakout is one of the most common trading strategies, yet if you are new to trading or have some experience trading breakouts, you may find that they're not as easy to trade as they appear. Often the breakout turns out to be false, losing you money. The breakout bounce trading strategy can reduce the number of false breakouts you lose on, saving you money, and still provide you with an affordable entry price. A false breakout occurs when the price moves above resistance or below support but then quickly retreats back into the former range. Traders who made a trade thinking the breakout was real will lose money if this occurs. The breakout bounce trading strategy avoids this scenario. Instead of making a trade when the breakout occurs, you will wait for a pullback. If an upside breakout occurs, you will watch as the price moves higher, but won't make a trade until it begins to move lower again toward the original breakout price. How these pullbacks reacts will determine if you make a trade or not. By being patient and observant, you can determine if the breakout is real or fake. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
by Yuriy_Bishko
7