GBPUSD is trading at 1.3680 level on friday we shorted the pair secured good profit and from bottom we went Long on GBPUSD as the bullish trend is intact slight pull back is expected
what we believe that this time it will break double top so our strategy will be buying the dips as marked on the chart last night we were expecting pull back for short term so we lost 20 pips in last idea we expecting pattern as marked on chart to be followed in coming time period will be looking for closure of H4 still the pair has potential to go up if it pulls back to level 1.3640-24 that will be our buying point 1 and subsequently if bounced from this level than we expect breaking double top we will not be shorting the pair unless we get confirmation and if we short will use tight stoploss
IF WE GET CLOSURE ABOVE 1.3707 ON H4 WE WILL GO LONG FROM 1.3685
Disclaimer: This is not financial recommendation its for educational purpose only
what we believe that this time it will break double top so our strategy will be buying the dips as marked on the chart last night we were expecting pull back for short term so we lost 20 pips in last idea we expecting pattern as marked on chart to be followed in coming time period will be looking for closure of H4 still the pair has potential to go up if it pulls back to level 1.3640-24 that will be our buying point 1 and subsequently if bounced from this level than we expect breaking double top we will not be shorting the pair unless we get confirmation and if we short will use tight stoploss
IF WE GET CLOSURE ABOVE 1.3707 ON H4 WE WILL GO LONG FROM 1.3685
Disclaimer: This is not financial recommendation its for educational purpose only
Kommentera:
Market Going Exactly as expected
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Closed buy of buy point 1 and buy point 2 active with stoploss at entry right now 30 pips profit floating
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secured 40 pips so far 225 pips in three days closed trading for today
Kommentera:
Exact Move as expected