GBP/USD setting up for BUY ORDER (based on weekly chart)

Trading Discussion Currencies
1

Hi all,
Sorry for my bad english.

I want to share with all my view of GBP/USD, please see the pictures below.

Sorry that I can add the image link to my post cause the forum’s policy at least 5 posts to use the link. So could you please use this following link:

h**p://img42.imageshack.us/img42/4809/20110629w1gbpforbuyorde.png

I’m waiting for the confirmation signal but have no ideal for that, could anyone help me… ^^
Any comments will help me stepbystep nolonger be a newbietrader… ^^
Thx all for you attention

2

Hi all,
I’m already go Long GBP/USD @ 1.6020 and will target and stoploss as the chart attached.

3

MACD on the daily chart crossing bullish, so if you’re in it, I’d stay in it. Keep your stop losses generous with this pair, it’s a crazy one sometimes. I’ve gotten stopped out well before I wanted to.

Also, I anticipate the E/U to keep going up for a few days, bullish indication there as well, so trade with confidence!

4

I am Long Cable currently, but am eying the Monthly Pivot (at 1.6150) as it seems to be finding Resistance there, would like it to bust through, but not sure!