GBPUSD

[Masterchanger]

I swing trade with 50-75pips stops on average, that's as shortterm as I go

 

[bruclee]

I might try a few shorter term trades. Normally I am just exchanging GBP for another account.

 

[Masterchanger]

but after watching a fewe 150pip retracements I'm thinking I need to have swing acct and daytrade acct

 

[Gcapman]

Surprise interest rate cut or no more QE announcement ???

 

[bruclee]

If its going to continue its downward trend this is resistance around 1.54

 

[bruclee]

Looking for some retracement here.

 

[bruclee]

Has not broke the high here. (1.55)

 

[bruclee]

Quote from Brucelee:

Sold GBP average 1.87, looking to purchase GBP around 1.4 down to 1.34 over next 12 weeks.

GBP seemed to have held up better than I anticipated after a hung election was announced.

Ended up buying GBP, 1.4674, will turn it into property for now.

It may go down further if the political and economic situation gets worse.

 

[Sebastian11]

I think that the gbpusd asset would renew its maximum.

 

[victorycountry]

I think that the gbpusd asset would renew its maximum.
View attachment 162119

You guys are H4 traders? the triangle hunters.. anyway, you are over-optimistic...GBP is likely to rise today but 1.43300 will be likely to be today's high and will resume downtrend