For some odd reason, the markets decided to load up on pounds, sending GBP/USD to the 1.5100 handle. What a trade that breakout would’ve been, eh?!
A bearish divergence that formed in the middle of the day gave us a signal to short the day’s biggest move! 70 pips to the day open, baby!
It was all about ranging to start the week! The Asian high and low held strongly, providing some nice scalping opportunities! From bottom to top, that’s a smooth 60 pips!
Was this a replay or what?? GBP/USD traded within the previous’ day’s range and finished practically unchanged, dawg!
Crazy day for GBP/USD, as it was simply all over the place! Your best bet to make some pips may have been to just play the bounce off the PWH. Aiming for the 1.5100 mark, we could have caught a decent 80 pips or so.
A nifty little bearish divergence formed when price tested the 1.5200 handle, giving us a sign to sell GBP/USD for a 50-pip drop to 1.5150!
Choppy movement on Cable this day, but playing the retest of the PWH could have provided some decent pips to end the week.
The previous week high near the 1.5250 handle held like an absolute bawse yo! Selling around that area and holding on until price bottomed out at 1.5150 would’ve given you a clean 100 pips!
That 1.5200 held like a boss! If you had shorted on the retest of the major psychological level and aimed for the 1.5150 mark, you could have made a cool 50 pips!
With the quarter coming to a close and the U.K. out on holiday, GBP/USD action was very limited. The pair pretty much stayed within a 30-pip range!
Another day of chopping trading on Cable, although buying just ahead of the previous day low and aiming for the previous day’s high could have nabbed you around 30 pips.
GBP/USD buyers were rejected at the 1.5250 handle near the previous day high. What followed next was a solid 150-pip drop all the way to 1.5100! Crazy stuff, homies!
This is why you gotta pay attention to divergences, homies! Had you bought off the bullish divergence signal early in the day and aimed for the 1.5150 minor psychological level, you could have made a sweet 70 pips!
After price found support at 1.5050, buyers took control of GBP/USD and carried the pair 180 pips higher!
Pretty quiet day until the start of the New York session, as the NFP figures caused GBP/USD to break out of its early consolidation! Buying on the break of 1.5250 and aiming for either 1.5300 or 1.5350 could have nailed you a decent amount of pips!
Rough day for the pound bulls, as GBP/USD just slid down the charts throughout the day. After finding resistance at 1.5350, GBP/USD eventually broke through the daily open price and ended around 1.5250. Had you shorted at 1.5350, you could have made a cool 50 pips!
Taking the retest of long-term resistance at 1.5250 may have been the best setup to take on this day. Going long at around 1.5250 and holding till the end of the day would have resulted in an extra 70 pips in your account!
Best setup for the day? For me, it was taking that short on the retest of the PDH, when bearish divergence formed! Could have gone short at 1.5340 and aimed for the 1.5300 for a decent 40 pips!
Fan of breakouts? Then yesterday would have been perfect for you! Had you taken the break of the Asian box and held on till price tested 1.5400, you could have caught 50 pips or so!
Pretty obvious which setup worked best this day! That short off the retest of the PDH and holding until the 1.5350 handle would have led to a win of at least 50 pips!
