GBPUSD Technical Analysis and Forecast 05.05 - 12.05 : Bullish - page 2

 
newdigital:
I placed stop loss value at 1.5478 ... will see ....
First take profit level is 1.5591
 

Breakout for H4 was started - 

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GBPUSD, H4, 2013.05.09

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gbpusd h4 breakout

GBPUSD, H4, 2013.05.09, MetaQuotes Software Corp., MetaTrader 5, Demo


I am in profit for 27 pips for now. The price is at 1.5574 

 

The correction is going on for this pair D1 timeframe. If the rpice will cross Sinkou Span B line (nearest border of the cloud) so we may have ranging market condition for the next week.

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GBPUSD, D1, 2013.05.10

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gbpusd correction

GBPUSD, D1, 2013.05.10, MetaQuotes Software Corp., MetaTrader 5, Demo