GBPUSD analysis: Long Bias

12 באוג׳ 2021

GBPUSD seems to be forming a bullish flag, approaching 61.8 on the Fib which is also a strong support level.

16 באוג׳ 2021

הערה

GBPUSD did not tick my trading check boxes on Friday so I did not enter. This pair moved 80 pips to the upside on Friday.

17 באוג׳ 2021

עסקה פעילה

GBPUSD update: So after Friday's bull run, GU managed to fall down to my entry. I am currently in this trade with the parameters as indicated in above image. Lets see if this trade plays out. Note: DXY is quite strong at the moment and had a very good bullish day resulting in GU dropping and hitting my buy limit.

TIP: Never be married to your analysis. I will be managing risk and close positions as I get a change of heart based on specific technical and fundamental analysis.

20 באוג׳ 2021

העסקה בוטלה באופן ידני

GBPUSD update: This pair hit my buy limit and opened the trade, it did not respect the support and ascending trendline and just plunged downward. I manually closed this position at a minor loss of about 15 pips.