Manufacturing PMI

Trading Discussion Currencies
1

Thinking of buying GBPUSD.

For today we have a lot of Manufacturing Purchasing Managers Index economic indicators coming out for major economies. Wanting to take the advantage on these news releases for a pair that could be in for a bullish move.

GBPUSD looks oversold and we have a hint of buyers showing interest on this pair. On the 1H charts we are looking for the markets to retrace to the 21 moving average and show us some bullish sentiments.

With regards to fundamentals I would like for the UK Manufacturing PMI to show bullish sentiment and on the other hand we would like the US Manufacturing PMI to show bearish sentiments.

Possible 70Pip move.

Possible entry area 1.26500

Possible target area 1.27300

Short video on PreTrade analysis:

2

HI Guys,

This was a nice trade for over 60pips…

Did a short video on the post trade analysis.

PLease share thoughts! CHeers,

3

should I not look at charts of times of forex news events of forex charts ?

ACCURATE FOREX INDICATOR

4

Hi @ACCURATEFOREXINDICATOR

This is a very complex topic… will need a 40min in on sitting to explain the whole process.

Try to join in our Proforex101 forum we can have a discussion there about it…