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GBPUSD 30 Minute Chart Analysis
Hello traders welcome to a new trading day. I have looked at the charts and all I am seeing is most charts had very little price action yesterday. There is little data to be released today so it looks to be another technical trading day. We need some good price action to get some profits today….
OK traders let us take a look at the trade plan for today at the GBPUSD- This is the 30 minute chart.l have say another currency pair with very little price action so the trade for today is very simple. We are looking for the pullback to the R1 pivot at the price of 1.5150 and a bearish candle formation for the sell entry. I am looking to take profit at the support zone as marked on the chart at the price of 1.5030.
Traders will talk with you soon….William
Source: http://www.fxinstructor.com/blog/gbpusd-30-minute-chart-analysis-18
At the moment GBP/USD looks bearish after the recent NFP, but let’s be very careful in how we work, if we are not careful in how we trade than we could struggle and might face several losses. I trade with OctaFX broker where I get a lot of help given their swap free account option, it is easy to use this since we can select it while opening the account, it is really useful and allows us to get great results.