gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Originally Posted by deresel GBP/USD - buy on 1.2277 • Stop: 1.2315 • Limit: 1.2118 • Time frame: 4 days ...

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Old Dec 30, 2016, 2:25am   #385
 
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Joined Nov 2006
Quote:
Originally Posted by deresel View Post
GBP/USD - buy on 1.2277

• Stop: 1.2315
• Limit: 1.2118
• Time frame: 4 days

Is that a 4:1, Risk:Reward or error with stop n limits need swapping around?
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Old Jan 2, 2017, 4:42am   #386
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Year 2017 is all about Brexit and will very likely keep Pound still under pressure, upside strength seems limited at 1.2390/80 zone.
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Old Jan 2, 2017, 10:45am   #387
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Originally Posted by csc2009 View Post
Year 2017 is all about Brexit and will very likely keep Pound still under pressure, upside strength seems limited at 1.2390/80 zone.
I'm also thinking to short after a bullish retracement. A spike to 1.14 showed some big put options on the pound are here. Brexit will certainly take its toll.
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Old Jan 4, 2017, 8:19pm   #388
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The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum and as a result, the pair managed to break through the first support at 1.2237. Meanwhile the pair tested the second key level at 1.2197 after hitting bottom for the day at 1.2199, but the breakthrough was postponed. Tuesday session started at a price of 1.2270 and the rate of closure was 1.2236.
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Old Jan 5, 2017, 9:55pm   #389
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The pound recovered ground against the dollar on Wednesday. The couple managed to get away from the support at 1.2197 and the breakthrough of the level was postponed. Short-term indicators remain in favor of the British currency. The session started at 1.2235, and the finale was put 88 pips higher. The trend was bullish, the highest value for the day was reached at 1.2352.
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Old Jan 5, 2017, 10:00pm   #390
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Key levels to watch for:
Support: 1.2197;
Resistance: 1.2425.
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Old Jan 6, 2017, 10:31pm   #391
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The pound recorded a powerful increase against the dollar on Thursday. So the couple continued the positive momentum from Wednesday, as two key levels at 1.2387 and 1.2425 were overcome. If the bullish trend remains high, resistance at 1.2507 will be tested soon. The session started at a price of 1.2323, while the pound gained 92 pips to finish. The maximum of the day was achieved at 1.2431.
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Old Jan 7, 2017, 3:44pm   #392
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Bullish on the US dollar.
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