Get started

Gbpidea

GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
Still some good buying pressure in GBPOn the chart above you can see two falling wedges in the bullish market which resulted in two strong breakouts above EMA 50. This points to strong bullish pressure on the 15M chart. Also we see that RSI approaches lower bound (30 points) around which it is expected to rebound as it happened in three previous cases (shown by blue shaded areas). Note that RSI reversals from lower bounds work better in during up-trending markets which we currently observe. Trade setup: BUY GBPUSD. Entry point 1 - 1.30845, Entry 2 - 1.30645 Take Profit 1.31450 Stop Loss 1.30420
Long
by PipVision
GBP/USD Small Short Before Long or Maybe Just Long From Here?I really think GBPUSD is set to go long! Regardless of the whole Brexit deal going on. I really see a lot room for bullish activity on this pair. I can see some support being built up and some bearish trend lines have been broken. Overall this pair still has the potential for going down a little further. Money management will be a key factor here. Because you could wake up in a complete down draw based on news headlines alone!
by ProfxCapital