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GBPUSD: consolidation below the level of 1.4444
GBPUSD
Feb. 2, 2016, 09:45
Buy on a level breakthrough of 1.4444 with 1.4500 target. Stop loss = 1.4394.
Reason for the trading strategy
The PMI in the UK manufacturing sector rose from 52.1 p. to 52.9 p. in January; and it fell from 52.7 p. to 52.4 p in the USA. The data support the GBP/USD pair. After the adjustment, it could test the level of 1.45.
GBPUSD, H1
https://www.exness.com/media/media/2.../02/gbpusd.png
https://www.mql5.com/en/charts/45738...staforex-group
the daily candlestick closure below 1.4415 hinders further bearish trend and enhances the bullish side of the market toward 1.4455. according to the daily time frame, GBP/USD pair is enhancing the bullish side of the market.
moving average and bollinger band are also representing a strong bullish trend the market and this continuation is also expected even today from 1.4415 to 1.4455. so it is a profitable zone.
according to my prediction some corrections are expected here and marekt will move into upward direction. in h1, h4 and d1 graph.
buy: 1.4415, take profit 1.4455, stop loss 1.4385.
GBP / USD
resistant 1.44xx
support at 1.4323
Rejection tlah price resistance at 1.4437 and the price will likely go down. do sell action and put a stop loss. managemant set in accordance with the risks that have been determined.
Oscillates pair of sterling against the dollar in the sides of the path of keeping the stability without ascending minor channel shown in the image resistance level, pending the rebound to continue down the main downside trend which stopped temporarily after penetrating the descending channel resistance short-term shown in the image.
http://i.imgur.com/Vci0b2H.png
GBPUSD
Support 1: 1.4525
Support 2: 1.4444
resistance 1: 1.4648
resistance 2: 1.4788
do buy at support by using stop loss of 30-40 pips. done in the support 1 and support two. diresisten aware whether the price will break the resistance or will pulback. because the up trend is still strong. buy still dominant today.
https://www.mql5.com/en/charts/45808...staforex-group
the daily candlestick closure above 1.4580 hinders further bullish trend and enhance the bearish side of the market toward 1.4580. according to the daily time frame, GBP/USD pair is enhancing the bullish side of the market.
moving average and bollinger bands are also representing a strong bearish trend of the market and this continuation is also expected even today from 1.4580 to 1.4540. so, it is a profitable zone.
Sell: 1.4580, take profit 1.4540, stop loss 1.4620.
I opened long position, maybe I was hurry, but my trading strategy gave me signal for it. I didn’t set a Stop Loss, because there may be some dropdown.
https://charts.mql5.com/10/99/gbpusd...apital-ltd.png
The pair of sterling against the dollar a strong breakout above 1.4515 and ended yesterday's trading above it, stopping the recent negative outlook and opens the way for the extension of the corrective wave rising in the short term, pending the trend towards the following correction that resides at 1.4785 level.
http://i.imgur.com/WP6ShQg.png
GBPUSD: consolidation before the Bank of England meeting
GBPUSD
Feb. 4, 2016, 09:53
Buy on rebound from 1.4560 level with 1.4648 target. Stop loss = 1.4510.
Reason for the trading strategy
In January, the business activity index in the UK services sector increased from 55.5 p. to 55.6 p., and that of the United States decreased from 55.3 p. to 53.5 p. The statistics play into the hands of the pound. Today, we expect the Bank of England to keep its monetary policy unchanged. The US regulator is likely to decide on its increase to 0.75% only at the beginning of 2017.
GBPUSD, H1
https://www.exness.com/media/media/2.../04/gbpusd.png
https://charts.mql5.com/10/110/gbpus...orex-group.png
the daily candlestick closure above 1.4560 hinders further bullish trend and enhances the bearish side of the market toward 1.4520. according to the daily time frame, GBP/USD pair is enhancing the bullish side of the market.
moving avearage and bollinger bands are also representing a strong bearish trend of the market and this continuation is also expected even today from 1.4560 to 1.4520. so, it is a profitable zone.
Sell: 1.4560, take profit 1.4520, stop loss 1.4590.