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Trading Signal - 12/05/2015 - 10:00 (GMT +3)
Instrument: GBPUSD
Time : 60min CHART
Trend & Condition : Upwards Strong
The TP2 (1.5530) has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
The TP1 was almost reached and the market is at risk of correcting lower cautioning us to move the stop loss higher(1.5355). Provided the market conditions will remain the same the TP1 will be reached soon.
Support & Resistances :
1.5500 1.5610
1.5430 1.5650
1.5330 1.5690
http://dl.dropbox.com/u/51561036/scr...512-212203.png
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Technically: - on the daily Frame husband was able to penetrate the existing resistance around 1.5550 and price associated with almost 38 Vebo.
Where candle closed on Monday Nilai to turn into support signal of the desire to continue to climb, so I think that
The continued trading and closures of the highest daily candles 1.5550 pair could push higher towards the next resistance
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Daily Forecast
Major Trend: Bullish
Time Frame: Daily
Reason: There are areas that have not been corrected at 1.5491, or the market may go directly to the 261.8 Fibonacci at 1.5835
Recommendation: Sell limit at 1.5835 / sell stop at 1.5645
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GBPUSD:consolidation before the publication of the Bank of England's quarterly report on inflation
GBPUSD
May 13, 2015, 08:53
Buy on a level breakthrough of 1.5710 with 1.5800 target. Stop loss = 1.5650.
Reason for the trading strategy
The publication of the March data on the volume of industrial production in the UK has provided substantial support to the pound. In the reporting period, the indicator increased by 0.5% (m/m) with a forecast of 0.0% (m / m). Today, market participants' attention will be riveted to the Bank of England's quarterly report on inflation and the speech given by its Head Mark Carney.
GBPUSD, H1
https://www.exness.com/media/media/2015/05/13/2.png
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GBPUSD:consolidation before the publication of the Bank of England's quarterly report on inflation
GBPUSD
May 13, 2015, 08:53
Buy on a level breakthrough of 1.5710 with 1.5800 target. Stop loss = 1.5650.
Reason for the trading strategy
The publication of the March data on the volume of industrial production in the UK has provided substantial support to the pound. In the reporting period, the indicator increased by 0.5% (m/m) with a forecast of 0.0% (m / m). Today, market participants' attention will be riveted to the Bank of England's quarterly report on inflation and the speech given by its Head Mark Carney.
GBPUSD, H1
https://www.exness.com/media/media/2015/05/13/2.png
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GPBUSD the ABCD pattern, i am sell at level 1618 at price 15745
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pair- gbp/usd
time frame analysis- m15
http://i61.tinypic.com/2uivuo2.jpg
the price is making double bottom chart pattern with having resistance trend line at the 1.5734 level. the macd indicator is also in the up trend side. if the price is break resistance then long with profit target at 1.5800 and stop loss at 1.5625
good luck
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Bounce trading pair of sterling against the dollar after the price down conducted a new test of the 1.5700 level, where price moves below this level now, and negatively affected by the current stochastic.
In general, price stability above 1.5500 keeps the bullish trend scenario based and effective for the day, supported by moving average 50, pending targeting 1.5810 then 1.5870 levels in the near term.
Expected trading range for today between 1.5600 support and 1.5810 resistance range
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Technically: - Frame pair on the daily access to existing resistance around 1.5790 and prices rebounded to the bottom of the target before the failure.
The current drop from my point of view is a downward correction in the framework of the upward trend that is configured recently.
I think that's where the landing might target existing support levels around 1.5550 prices and associated
Vebo with 38 as a support in the same area and from there we expect to return to the rise of this condition have originally arrived.
Spoiler: