My GBPUSD outlook

Trading Discussion
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GBPUSDM15.jpg700×339 21.7 KB

GBPUSDH1.jpg700×339 22.2 KB

Hi all, this is my first post on trade setups so please take it with a pinch of salt and all comments are appreciated.

I think this is a short on Monday and a long near the bottom of the channel. EMA 36 is acting as support 1 hour and stochastic has crossed over for the short. Sell stop at 1.42177 assuming price is trapped in that wedge on Monday opening.

Any extra supporting data?

Thanks

I Bagged 120 pip long and missed the 80 pip short as I waited for you lot to give feedback which only resulted in silence and a temporary downgrade on my confidence level, which defeats the object.

No worries, still smiling, and I’ll wait till I feel more confident or you are in my friends list :slight_smile:

Luv ya all X

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Are the attachments available?

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The daily chart of the GBPUSD is showing that the current bullish pullback is stalling and the pair may go back to its longer term bearish trend.

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BoE Governor Carney will appear before the Treasury Select Committee at 9.15am GMT:

Treasury Select Committee Hearing – The economic and financial costs and benefits of UK’s EU membership: Mark Carney & Jon Cunliffe (09:15).

Keep your eyes on the Pound…

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What if…

the Pound were to fall [B]BELOW 1.40[/B]?

http://www.dailyreckoning.co.uk/economy/the-red-line-for-sterling/