EN-GBPUSD-20150605-M
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Transcript of EN-GBPUSD-20150605-M
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Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: GBPUSDby: Chief Technical Strategist Avramis Despotis
Previous Close 1.5354
Change -0.06 %
Current 1.5356
52 Week High 1.7168
52 Week Low 1.4566
30 Days ATR 0.0108
40 Weeks ATR 0.0196
Time Trend & Condition Support & Resistances Comments Position & TradeProbabilityEntry, Take Profit & Stop
Loss Levels
60minCHART
Next 3Days
Upwards StrongNeutral
1.5330 1.5440
1.5260 1.5530
1.5160 1.5570
The market is in an uptrend andwe are waiting for an entry signalto go LONG above the 1.5440resistance level. Only thedownward break of 1.5330 wouldcancel the bullish scenario andtake us SHORT.
Position Entry SL
BUY 1.5400 1.5330
Trade P. TP1 TP2
Medium 1.5390 1.5444
240minCHART
Next 3Weeks
Upwards WeakNeutral
1.5330 1.5444
1.5171 1.5612
1.5003 1.5885
A Medium probability, entrysignal to go SHORT will be givenwith the downward break of1.5330 after the market foundresistance at 1.5444. Only theupward break of 1.5444 wouldcancel the bearish scenario.
Position Entry SL
SELL 1.5330 1.5444
Trade P. TP1 TP2
Medium 1.5171 1.5003
DailyCHART
Next 3Months
Upwards WeakNeutral
1.5150 1.5820
1.4870 1.6020
1.4560 1.6350
A Medium probability, entrysignal to go LONG was given at1.5375 after the market foundsupport at 1.5150. Only thedownward break of 1.5150 wouldcancel the bullish scenario andtake us SHORT.
Position Entry SL
LONG 1.5375 1.5150
Trade P. TP1 TP2
Medium 1.6212 1.6880
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Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: GBPUSDby: Chief Technical Strategist Avramis Despotis