British Pound / U.S. Dollar
Long
Updated

Opportunity to buy for short term traders on GBPUSD

100
Time to buy for GBPUSD. As always buy the breakout
DOLLAR INDEX is prob retracing cause its 1-5 wave is almost over:
snapshot
Trade active
Breakout confirmed. SL some pips under last downward spike.
Trade with care.
Note
Second nice buy opportunity on 15 min chart. GBPUSD is inside a triangle pattern. Buy the breakout

snapshot
Note
An update to GBPUSD. See how good TDI indicates this lateral trend. I'm expecting a long breakout, but if both blue and red line will break mid line, short is confirmed.

snapshot
Note
Short confirmed. Price breakout bottom line. TDI broke mid line on 4h chart.
TP and SL indicated on the chart

snapshot
Note
HUGE pinbar closing on 4h chart.
Pay attention to next bar

snapshot
Trade closed: stop reached
Stop reached. Dollar is still strong. I'm waiting for a next good buy opportunity before re-entrering

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.