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GBPUSD 30 Minute Chart Analysis
Hello traders welcome to a new trading week and month. Well I have looked at the charts all look good and we will stay with the trend on most of the plans today. We had data for the AUD and no price action, as we do have data throughout the trading day.
Plan Your Trade and Trade your Plan !
OK let us take a look at the currency pair for today and the trade plan we have set up it is the GBPUSD- This is the 30 minute chart.l ave placed a trend line on the chart as you can see. I am looking for a break of the trend line as Friday we had a sideways price action, as mu bias is bearish. After the break of the trend line and a retest I am looking to enter at the price of 1.5426. I am looking to take profit at the support zone as marked on the chart and also the S1 pivot at the price of 1.5333.
Thank you traders and talk soon….. William
Source: http://www.fxinstructor.com/blog/gbpusd-30-minute-chart-analysis-16
Unfortunately I am not able to really find any clear trend on this, as I usually prefer to check daily chart instead of this since that shows the bigger picture and puts me in right track while the risk factor is lower with that, but it of course needs plenty of patience and that’s something not too many people have which is why for them it’s not all that easy to go with the trend, I am lucky that I have support like OctaFX where I get cash back of 50% on all trades, so that makes me patient.