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Daily trading of GBP/USD currency pairs in the forex market:
Volatility and Trading Hours:
The EGBP/USD currency pairs are among the most traded in the forex market. It is crucial to understand their times of greatest liquidity and volatility. Typically, the best trading opportunities occur...
Pair : GBP USD GBP CAD (ONLY)
TIME FRAME: D1 ONLY
Take Profit : 80 Pips to 150 Pips
Stop Loss : as per chart and analysis
Indicator used:
5 SMA (Simple Moving Average)
BBBAND 20,2
RMI (14,5)
TDI RT CLONE (default settings)
Sell setup
Price was on Upper BB Band
Price fall or cross below...
GBP/USD tumbles to session lows near 1.3050
Cable moves humiliate and approach the 200-day SMA.
UK Construction PMI dropped to 50.6 in January.
Brexit negotiations period-fortunate to resume this week.
The offered bias concerning the British Pound remains accurately and sealed at the dawn of...