GBPUSD SHORT UPDATE! #BANKER2016Hope you are all enjoying these guys, what a month its been so far !!
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Gbpusdh1
ForexTrading Tips Easy 200-300 Pips GBPUSD BUY BUY!!GBP/USD Hourly
1.4076
Overview :
Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday.
Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market positive dynamics. The financial markets showed a steady demand for "risk assets", which allowed the British currency to finish the day in the "green zone".
The price is finding the first support at 1.4000, the next one is at 1.3920. The price is finding the first resistance at 1.4080, the next one is at 1.4140.
The price is in the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement forming a “Golden Cross”.
Indicators:
RSI is in the buy zone to indicate further bullish movement in this pair with some relief for now in sterling.
The MACD indicator is in a neutral territory. The price is growing.
Best of luck guys :)
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Forex Market Analysis And Trading Tips Feb 17th 2016SUMMARY:
The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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GBPUSD (6B) - WEEKLY FORECAST!Hello Traders!
Binary EWA/EWP! Anyway, short! Target - 1.39400
Sincerely yours, Powerful Traders.
Short at GBP/USDWe can see nice trend since begining of the year. We got breakout from trend few days ago but its loook like we come back and continue downtrend.
1. Buy some pieces of position.
2. Set 2 or 3 stages of TP.
3. Set one stage of SL.
4. As u wish put some BuyLimit or BuyStop positions.
5. After Reach first stage TP close first piece of position, and change SL.
U can buy some now, but better get all short after price will be under the trendline.
1st TP @TP 1.50410 second at 1.49082
