GBPUSD | New perspective
Updated
The Pound appears to have put an end to its three-week losing streak with an attempt to stage a strong comeback after breaking out of the structure during the latter part of last week's trading session. As we head into the new week, I want to be looking for buying opportunities above the key level at $1.15750.
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.
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.
Trade active
Bullish signal established as price breaks out of channel during the early hours of today.Good morning
Trade active
Bullish trend continuation appears to be established as the breakout of the channel ($1.17080/1.16750) is witnessed this morning.Good morning
Trade closed manually
Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positivelyNote
Following the release of the Consumer Price Index release yesterday which led to an impulsive bearish move that I missed out on! As of this morning, the price is back into retesting the trendline of the reversal pattern identified earlier with multiple rejections of this line. Will these rejections hold a bullish continuation?Good morning
Trade active
Reversal set-upTrade active
Above the $1.15400 zone appears to be an area to look for buying opportunities.Good morning
Trade smart. Trade consciously
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