GBP/USD Forex Signal: Consolidation Below 1.3750
The short-term price direction is hard to predict from this price zone.
Last Monday’s GBP/USD signal was not triggered as there was no bearish price action at any of the three resistance levels which were reached that day.
Today’s GBP/USD Signals
Risk 0.75%.
Trades may only be entered prior to 5pm London time today.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3745, 1.3785, or 1.3830.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
Long Trade Ideas
Place the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
The short-term price direction is hard to predict from this price zone.
Last Monday’s GBP/USD signal was not triggered as there was no bearish price action at any of the three resistance levels which were reached that day.
Today’s GBP/USD Signals
Risk 0.75%.
Trades may only be entered prior to 5pm London time today.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3745, 1.3785, or 1.3830.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
Long Trade Ideas
Place the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
Forwarded from Elite vip
NAS100 SEL 15 660.00
TP : 15 630.00
TP : 15 600.00
TP : 15 500.00
TP : 15 40.00
SL : 14 800.00
TP : 15 630.00
TP : 15 600.00
TP : 15 500.00
TP : 15 40.00
SL : 14 800.00
E-TRADE
GOLD BUY 1809 TP 1813 TP 1816 TP 1820 TP 1824-30 SL 1790
GOLD TP² DONE 70+ PIP'S✅✅
GBP/USD Forex Signal: Inverse C&H Pattern Signals Breakout
While the pair has formed a small bullish flag pattern, there is a possibility that it will break out lower in the near term.
Bearish View
Bullish View
The GBP/USD price is in a holding pattern as the month comes to an end. The pair is trading at 1.3760, which is in the same range it has been in the past few trading sessions. The price is about 1.45% below the highest point in August.
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Sterling in a Holding Pattern
The GBP/USD was in a relatively tight range in the overnight session as investors continued reflecting on the statement by Jerome Powell, the Federal Reserve chairman. In the statement at the Jackson Hole Symposium, the chairman said that the bank will likely start tapering its asset purchases in the coming month so long as the economy maintains its recovery process. This statement was seen by many analysts as being relatively dovish.
On Monday, the pair reacted to the latest pending home sales numbers by the National Association of Realtors. The data showed that pending home sales declined by 1.8% in July after falling by another 2% in the previous month. This decline was worse than the median estimate of 0.4%. The pending Home Sales Index declined from 112 to 110. Still, the American housing sector is relatively strong as evidenced by the recent new and existing home sales numbers.
While the pair has formed a small bullish flag pattern, there is a possibility that it will break out lower in the near term.
Bearish View
Bullish View
The GBP/USD price is in a holding pattern as the month comes to an end. The pair is trading at 1.3760, which is in the same range it has been in the past few trading sessions. The price is about 1.45% below the highest point in August.
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Sterling in a Holding Pattern
The GBP/USD was in a relatively tight range in the overnight session as investors continued reflecting on the statement by Jerome Powell, the Federal Reserve chairman. In the statement at the Jackson Hole Symposium, the chairman said that the bank will likely start tapering its asset purchases in the coming month so long as the economy maintains its recovery process. This statement was seen by many analysts as being relatively dovish.
On Monday, the pair reacted to the latest pending home sales numbers by the National Association of Realtors. The data showed that pending home sales declined by 1.8% in July after falling by another 2% in the previous month. This decline was worse than the median estimate of 0.4%. The pending Home Sales Index declined from 112 to 110. Still, the American housing sector is relatively strong as evidenced by the recent new and existing home sales numbers.
E-TRADE
Gold sell 1816.50 Tp 1812 Tp 1806 Tp 1800 Sl 1823 Use a small lot size ‼️‼️
Gold
Tp1 hit 45 pips✅✅✅
Tp1 hit 45 pips✅✅✅
Elite vip
NAS100 SEL 15 660.00 TP : 15 630.00 TP : 15 600.00 TP : 15 500.00 TP : 15 40.00 SL : 14 800.00
NAS100
TP HIT 300 PIPS✅✅✅
TP HIT 300 PIPS✅✅✅
E-TRADE
Gold sell 1816.50 Tp 1812 Tp 1806 Tp 1800 Sl 1823 Use a small lot size ‼️‼️
Gold
Tp2 hit 105 pips✅✅
Tp2 hit 105 pips✅✅
Forwarded from Elite vip
US30 SELL 35500
SL 35650
TP 35470
TP 35440
TP 35200
TP 34800
Use a small lot size ‼️
SL 35650
TP 35470
TP 35440
TP 35200
TP 34800
Use a small lot size ‼️