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Gbpusdbuy

GBPUSD | Live position review | Follow-up detailsGBPUSD positions appear to be doing well at the moment as we currently experience over 70pips moving in our direction. But it's not yet a tangible reason to be excited as the current structure needs confirmation in the form of a retest/rejection of neckline @ 1.32 to the upside to seal the uptrend continuation. See my previous video on this for further details (see link below) Risk 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.
Long
by darcsherry
GBPUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). It appears as though the price is about to break out of the neckline at $1.32 which shall be our confirmation for bullish momentum. Risk 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.
Long
by darcsherry
3
GBP/USD Long Entry UpdateHey Guys! I'm still waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3748 for a Long Entry. Like I mentioned in my previous post, there were no signs of long strength on the price rise up on the left side of the chart, thus as expected, we got a small pullback down. (Remember! Just because price goes up, it doesn't mean there is long strength in the market) . Moreover, there were 2 areas in recent price shown on the chart that created extreme short strength, so although price rose, there's still a little bit of short strength left in the pair for the time being. (Great! I want that pullback to 1.3313!) At the current moment, in order to confirm more short strength, I want price to reach the 4h pivot low shown on the chart. With the idea being, if the upward trendline break out and immediate break back, which shows long strength can be stopped out at the pivot low, that will tell me short strength was able to override that long strength = extreme short term short strength. So this week I'll just be watching if that 4h pivot low is reached so we can get a pullback down to the entry level at 1.3313. Ok! That's it! I'll keep you guys updated! Have a great week! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
3