GBP Gaining Some Strength… Finally

The GBP has finally had a few days of Upward Movement

 

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  • NathanTucci

    Normally I would wait for a candle, yes. In this situation, I used a pending order because I had a specific price I was looking to get in, in case it had a hard reversal at that point.. this time, it did not work that way, but for me, it was worth the risk to see if I could get that reversal

  • NathanTucci

    We will see, Paul. Right now, looks like GBP may already be correcting back toward weakness.. At least it is being consistent 🙂

  • Paul

    Many thanks Nathan, as always great analysis

    The close of the weekly chart on GBP USD may very well indicate a type of price action rejecting lower prices at this time (very dependent upon the reaction to NFP), If so, I too will be keen to find a long entry into this pair early next week

  • Davigator

    Thanks very good stuff. Shouldn’t you have waited for a bearish candle before taking the euro dollar short?

  • Johann

    Thank you, with your analysis the markets are becoming more understandable.

  • Thanks Nathan.

  • Thanks Nathan–excellent and the monthly timeframes are very important

  • Good work bro I caught those 2 blue bars on the gbpusd I love the gbp