GBP/USD trading

Quote from KS96:

I am short since 1.9752 and haven't covered yet.
More...

Are you looking for a break below the range or holding for long term and will just continue to add shorts until we bust through to 1.93, etc...?

The chart looks clear to me and I guess I cannot understand holding short right now unless doing it for the longer term. The range still looks like it has plenty of room to wiggle around in before breaking to the eventual downside.
 
Quote from sam0182:

We're at the bottom of this ascending triangle on the hourly, looks about time to go long for a counter trend move.

Thoughts?
More...

And here comes the upward movement, lets see if we can get it to follow through...
 
Quote from sam0182:

Are you looking for a break below the range or holding for long term and will just continue to add shorts until we bust through to 1.93, etc...?
More...

I am trading off 30min/daily charts.
Still short. I will hold for as far as it goes.
Current stop above 1.9780.
 
Sounds good, looks like there was a nice dip down to the lower support at the London open. Interesting to see if that 1.975 & 1.978 level will hold now...US markets suck, not sure what FX related news may be coming...
 
You must log in or register to reply here.
Back
Top