GBP/USD (GENERAL)

GU is running hot -- entered @ 1.6170 and lows was 1.6169 -- 1.7 is prob. ress area

gucci wrote:GU is running hot -- entered @ 1.6170 and lows was 1.6169 -- 1.7 is prob. ress area

Thats what is called an excellent entry Gucci! Nice goin!

GU H4:



A 4 hr close above the yellow TL creates a little less risk.

PipChick wrote:GU H4:



A 4 hr close above the yellow TL creates a little less risk.

We are now above the h4 bull flag trend line. We run the risk of testing the TL but the h4 target is 6879. I will be looking to buy soon.

GU H4:

Next possible trade:
GU m15
Either a bull flag or an ABC long. I will be watching for a possible entry.

GU m15

If the upper TL of the bull flag holds, the target is around 6762

GU m15:


I took this long but moved my stop to + 10 too soon and was stopped out. I will be looking for another long.

As long as 6650 holds, the target is 6777.
M15 chart:

And we know what to do with this:

Lets see if 6622 holds. So we know a 1 hr close above the UTL is an entry but if we test the LTL, that could be a better entry as long as we have PA on the smaller TF to support a long at that point. The CM will also help in deciding whether or not price will break the LTL.

GU H1

This M15 chart may also help in deciding whether to long or not.

GU M15

I see an abc long with bullish HD on the m15

Still run the risk of testing the 61.8 or 78.6 being the CM is strong USD and weak GBP

Still holding the long and looking for 6934. Manually trailing the stop.

GU H1

PipChick, great videos on ABC patterns.

AlexC wrote:PipChick, great videos on ABC patterns.

Thanks Alex

PipChick wrote:Still holding the long and looking for 6934. Manually trailing the stop.

GU H1

Well my trail stop was hit last night but made some decent pips. A bit choppy this morning but still have set ups.

As long as 6622 holds, the target on the h1 remains the same:
GU H1:


GU M30:

Going to see if I can get a few pips long out of this GU. Entered at 6253 and looking for a test of the TL possibly. Only risking about 20 pips for a stop.

PipChick wrote:Going to see if I can get a few pips long out of this GU. Entered at 6253 and looking for a test of the TL possibly. Only risking about 20 pips for a stop.

And I am out of this. SL taken out. I will take another look at it in a bit.