Hello traders welcome back to a new trading day. Traders today we are looking at an all technical trading day as there is no high impact data. The key for today is watch the dollar chart for strength or weakness and enter the trade accordingly. Should be a fun day today….. OK traders let us look at GBPUSD- This is the 30 minute chart.This pair has made some very interesting moves in the last three days however the trade plan today is we are in a 43 pip range for the last several days as it normally trades over 100 pips per day. So the plan is we take the break at resistance to the sell side as I rather sell then buy. The other option is we wait for the price to go to support of the range and buy this back up. So I have given you two options depending on how price will react today as there is no data today.
I usually prefer to go with higher charts like 1-4 H, I believe that it’s a pair which is far better suited to long term trading and because of that it’s easier to do work with having swap free account, it’s really great help and allows us to be successful very easily. Also, I am in massive advantage with highly supportive company OctaFX, it has swap free account which is picture perfect for long term traders like me since we are not required to pay anything!
I usually prefer to go with higher charts like 1-4 H, I believe that it’s a pair which is far better suited to long term trading and because of that it’s easier to do work with having swap free account, it’s really great help and allows us to be successful very easily. Also, I am in massive advantage with highly supportive company OctaFX, it has swap free account which is picture perfect for long term traders like me since we are not required to pay anything!