GBPUSD | Perspective for the new week | Follow-up

Following a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of overnight dollar strength, and with a handful of high-impact economic features from both economies involved in these pair, we have a week with voluminous trading activities. In this video, we looked at the charts from a technical standpoint for how to take advantage of any trading opportunities in the coming week.

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You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.

Bình luận:

The week has started on a bearish note hereby breaking down our key level at the 1.245000 zone - a retest of structure will welcome another chance to sell.

GOOD Morning

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Sell position triggered as price action breaks down our key level

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Secure sell position

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UPDATE

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Sell pressure continues; secure all psotiions

Good Morning

Giao dịch đang hoạt động:

Secure all sell positions

Giao dịch được đóng thủ công:

Price action takes out the sell positions with a small profit and it appears that we have found a new demand zone around the 1.23800 zone as sellers find it difficult to break down this zone.

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Outlook on 15 minute timeframe

Good night

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Secure the buy position as we look out for more opportunities.

Good Morning

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Fallout from our live session this morning

Sellstop triggered

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Secure all sell positions as buying pressure resumes

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Secure sell positions as bullish attempt is observed around the 1.23320 zone. We shall talk about this in detail during our live session

Good Morning

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Fallout from our live session this morning

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Secure sell position as we shall be using the trendline to guide our bearish activities

Giao dịch được đóng thủ công:

Price action takes out all sell positions with profits as buying pressure appear to resume.

Good MOrning

Giao dịch đang hoạt động:

Secure all buy positions