6B1! trade ideas
British pound futures position adjustThis is a continuation of the post on the B pound with new targets. I have one contract short so I'll readjust my stop to accomodate the new trade.
British Pound futures for the next couple of trading days.My forcast for British Pound for Monday-Tuesday.
GBPUSD | Pound it up dear Pound!Here are some of the major supports that I've recently found for GBPUSD.
- 1.3939~1.3949, 1.3905~1.3915, and 1.3876~1.3886
Long (Valid until 5/14 04:00)
EP: 1.3949
SL: 1.3935 (-14 ticks)
TP1: 1.3972 (+23 ticks)
TP2: 1.3998 (+49 ticks)
Long (Valid until 5/14 19:00)
EP: 1.3915
SL: 1.3901 (-14 ticks)
TP1: 1.3929 (+14 ticks)
TP2: 1.3939 (+24 ticks)
Long (Valid until 5/14 19:00)
EP: 1.3886
SL: 1.3862 (-24 ticks)
TP1: 1.3927 (+41 ticks)
TP2: 1.3944 (+58 ticks)
6B1!Hello everyone,
As you can see from the graphic the BRITISH POUND FUTURES varies between these 2 peaks, now it is start to fall, sell 6B1!
GBPUSD wedgeCable looks like has formed a wedge. Possible corection till +/- 1,335.
just keep in mind that a much bigger pattern is in the daily / weekly charts - H&S
GBP Test 5+2 Chart Pattern
+1 Candle Trading
+1 High time frame (1H ~)
+1 Selling power check
Strategy Quality 5 / 10
Buy GBPUSD / 6B1- Downtrend Anchor is broken
- Bullish movement to upward.
- Retest for the broken key level (anchor).
- anchored-VWAP and Value area is above the price with normal distribution.
Will be spiking at 6B1! Futures ChartWill be spiking at 6B1! Futures Chart
6A1! CME, therefore you should buy it in 30 minutes as long as the candles do not break the trend line
TRADE #2 / Short 6B / 1-2 Risk & Reward / Reversal TradeFeeling confident. Solid indicator confirmation. Head & Shoulder structure. Potential risk is current trend line, need to break it.
