darcsherry

GBPUSD | New perspective

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darcsherry Uppdaterad   
FX:GBPUSD   Brittiska pund/Amerikanska dollar
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.

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Handel aktiv:
Bullish signal established as price breaks out of channel during the early hours of today.


Good morning
Handel aktiv:
Bullish trend continuation appears to be established as the breakout of the channel ($1.17080/1.16750) is witnessed this morning.


Good morning
Trade stängt manuellt:
Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positively
Kommentera:
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
Handel aktiv:
Reversal set-up

Handel aktiv:
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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