There's a powerful resistance around 1.52400 that GBPUSD either respected or rejected or used it as a staging area. Interestingly the last candles at market close on Friday on the 4 hour chart and the 1 hour chart are doji gravestones. What the FOMC decides and what Yellen says in her appearance afterwards is probably more important though, since everyone is watching and expectations are somewhat "priced in".
Bandarsq
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There are many lows and highs that can form different SR levels and that's why I decided to follow the downtrend and check for breakout. Now we just look for higher highs and higher lows to confirm the uptrend.
a.harchali
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traget long or short time
Bandarsq
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It's a daily chart so I give it about a month time.
What do you think the rise of the far point can reach her this pair , In the next couple of days! From Monday to Wednesday before the release of the US bank's decision ! Is the pair will exceed the barrier of 1.5503, or will remain swinging between 1.5170 to 1.5300 .
I have a deal to sell and stop-loss is at 1.5360 Did I do the lifting of stop-loss or is it enough
Unfortunately, the large number of questions.
Thank you for your help
Bandarsq
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I would say monitor the performance during this week and don't rush the target. The downtrend just has been broken so I expect some testing first.
a.harchali
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So you expect to go up or vice versa
Bandarsq
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Yes it should go up. I will update the post if otherwise.
a.harchali
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Thank you
I have a deal to sell and stop-loss is at 1.5360 Did I do the lifting of stop-loss or is it enough
Bandarsq
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I'm sorry I can't tell you when to enter or exit. It's your decision.