Tag Archives: GBPUSD

$GBPUSD broken through resistance at 1.6000 – chart review of key levels of support & resistance #forex

GBPUSD has managed to break through a key level of resistance at 1.6000. From a short term perspective the outlook is bullish, with the next key level of resistance being the downward trending resistance trend line: Click here to set … Continue reading

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Break out trade setup on $GBPUSD #forex

After a big upward move over the last 6 months, the GBPUSD has reached a long term area of resistance. The longer term trend is still bearish, therefore a break out trade has been set up to sell to open … Continue reading

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$GBPUSD Trade Progression #forex

After two profitable rolls between support and resistance as discussed in previous posts: 314 pips profit on the GBPUSD trend line trades Protecting 150 pips profit Trendline trade set up on GBPUSD the GBPUSD price broke through the ‘stop’ support … Continue reading

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314 pips profit on the $GBPUSD trend line trades #forex

In a previous video, trend line channel based trades were set up on the GBPUSD.  This video takes a look at the progress of that trade set up, which has now generated 314 pips profit with two rolls between support … Continue reading

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Protecting 150 pips profit on the $GBPUSD #forex

In follow up to the trade set up on the GBPUSD that was discussed in a previous post, at the time of preparing this video I was sitting on about 150 pips profit, therefore I have decided to set up … Continue reading

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Trendline trade set up on $GBPUSD

In the video below trades have been set up to trade the channels illustrated in the following screen shot: The objective is to buy to open a long position if the price hits the middle trend line and ideally it … Continue reading

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