Thread: Discuss the GBP/USD with a DailyFX Analyst

Long EUR/JPY @

100.50....Active Trade....Mental Stop Loss...Open Target
100.14....Active Trade....Mental Stop Loss...Open Target
99.92.....Active Trade.....Mental Stop Loss...Open Target

Long GBP/USD @

5544....Active Trade....Mental Stop Loss...Open Target
5517....Active Trade....Mental Stop Loss...Open Target

Long EUR/USD @

2619....Active Trade....Mental Stop Loss...Open Target
2593....Active Trade....Mental Stop Loss...Open Target

Long US30 @

bought at 1.55190


adding on minor dips

possible tg 1.55400

Originally Posted by root-minus

bought at 1.55190


adding on minor dips

possible tg 1.55400

bailled it 1.55100

i make alot of trades in this zone. and alot of losing trades. maybe i'll stop making this trade.

Long EUR/JPY @

100.50....Active Trade....Mental Stop Loss...Open Target
100.14....Active Trade....Mental Stop Loss...Open Target
99.92.....Active Trade.....Mental Stop Loss...Open Target

Long GBP/USD @

5544....Active Trade....Mental Stop Loss...Open Target
5517....Active Trade....Mental Stop Loss...Open Target

Long EUR/USD @

2619....Active Trade....Mental Stop Loss...Open Target
2593....Active Trade....Mental Stop Loss...Open Target

Long US30 @

12511

Heres what im seeing for GU. I prefer the green path. Stickin around the 61.8 Fibo just makes me think were gonna eventually make our way through. The bottom Trendline breaks and Ill assume the trend is headed back down.
Attachment 133431

gbp/usd Just broke 4hr trend line sitting on weekly pivot just above S1 big 30 min candle may get bounce back or push through

Originally Posted by JOHNNY VMAX

gbp/usd Just broke 4hr trend line sitting on weekly pivot just above S1 big 30 min candle may get bounce back or push through

Yep. But deeply oversold on the 5min chart and approaching oversold on the hourlies. 200day Simple Moving Average @ 1.54742. I'm expecting a bounce to around 1.55400 to 1.55600 before it heads South again.

Originally Posted by STORMTROOPER

Yep. But deeply oversold on the 5min chart and approaching oversold on the hourlies. 200day Simple Moving Average @ 1.54742. I'm expecting a bounce to around 1.55400 to 1.55600 before it heads South again.

Could be right going to see if there is a nice pin bar on the 30 min

Looking to go long on a re-test and hold of today's low. Entry around 1.54700 with a 30pip S/L and a 60pip (2:1) profit target; coinciding with the high of today. i.e. 1.55300.

Originally Posted by STORMTROOPER

Looking to go long on a re-test and hold of today's low. Entry around 1.54700 with a 30pip S/L and a 60pip (2:1) profit target; coinciding with the high of today. i.e. 1.55300.

Support around 1.54600. If long is triggered (1.54700) and subsequent price rise? fails to overcome broken trend line (support turned resistance) I will exit.

Long @ 1.54800 on the re-test of 1.54700. Watching price action around at 1.55000. I will move to Break Even on a break and allow trade to run towards 1.55500+

I am having a hard time getting a grip of GBP/USD today - but I have decided that I prefer being short than long. My key level is 1.56 and as long as we trade under this level I expect price to 1.54. I let the overall trend dominate as it looks like the short term trend is about to give up.


2 hr time frame

It may be the future scenario

Originally Posted by STORMTROOPER

Long @ 1.54800 on the re-test of 1.54700. Watching price action around at 1.55000. I will move to Break Even on a break and allow trade to run towards 1.55500+

Out @ 1.55230 for a +43pip on trade. Looking to re-enter a long around 1.55000 for an eventual rise towards 1.56000. Alternatively; I'm looking at going Short around 1.55600.

MAY THE FORCE BE WITH YOU!