GBPUSD TRADE STRATEGY
Updated
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At the moment GBPUSD is trading at 1.3735 level after testing high of 1.3758, before going long in this area we have to remember that FEB MAR APR 2018 support was at 1.3753 level so break and positive closure above that level is important for further upward move if we get H4 closure expect limited move till 1.3780-1.3850 level and if we get Daily closure above that than likely the pair will advance to 1.3950 level. Demand zone is below 1.3650 level and if GBPUSD hold that level than expect upward move and if market failed to hold that demand zone than downward we have have support at 1.3606-1.3580-60 level so at the moment i am neutral on market unless get clear break above 1.3753 for further buying on pullback. i will be looking for short opportunities with 35-40 pips TP, unless gets clear break & Closure above 1.3753 level. I have marked the past pattern of candles after breakout of resistance and rejection from resistance.
Disclaimer: Its not financial advice only for educational purpose.
At the moment GBPUSD is trading at 1.3735 level after testing high of 1.3758, before going long in this area we have to remember that FEB MAR APR 2018 support was at 1.3753 level so break and positive closure above that level is important for further upward move if we get H4 closure expect limited move till 1.3780-1.3850 level and if we get Daily closure above that than likely the pair will advance to 1.3950 level. Demand zone is below 1.3650 level and if GBPUSD hold that level than expect upward move and if market failed to hold that demand zone than downward we have have support at 1.3606-1.3580-60 level so at the moment i am neutral on market unless get clear break above 1.3753 for further buying on pullback. i will be looking for short opportunities with 35-40 pips TP, unless gets clear break & Closure above 1.3753 level. I have marked the past pattern of candles after breakout of resistance and rejection from resistance.
Disclaimer: Its not financial advice only for educational purpose.
Note
shorted from 1.3742 Alhamdulillah 42 pips 130 plus 42 172 pips so farNote
1.3698 we sold closed at 1.3660 those in contact with me they also had good profit 172+28 =200 pips and again we had buy from 1.3660 profit floating and stoploss at break even will close if got rejected from this place what a wonderful dayNote
Move SL to 1.3674 even if it come low will give us 14 pips total profit will be 214 pips so far in this week but holding GBPUSD buy risk free AlhamdulillahNote
Closed 45 pips will look for buy again so far 245 pips in this weekNote
Pending sell limit at 1.3729 which got activated secured 25 pips more total 270 pips so far AlhamdulillahNote
Market following same pattern as marked AlhamdulillahNote
we bought the pair secured 35 pips than we shorted the pair secured 40 pips and than again we bought the pair from 1.3640 and secured 50 pips in profit total 125 pips for today 395 pips so far in this week read the comments where i informed buy and sellTrade closed: target reached
ALhamdulillah in this week achieved 395 pips so far trading closed will update when we have a chance of entry
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