GBP/USD 4hr Setup in The Daily Time Frame

[SanMiguel]

We're in a downswing trend now, should be shorting around the 1.58 1.5840 levels for further downside?

 

[rolston]

you may be right still hold part off trade to see if she braks to the upside

 

[rolston]

rist at 1.5869 at 1.5897

 

[rolston]

hit 4Hr Rist

 

[SanMiguel]

you may be right still hold part off trade to see if she braks to the upside

I should have remembered that it was a fed POMO day.
May as well just buy on POMO and sell when they're not messing with the $

 

[rolston]

your right

 

[rolston]

Support on 15min chart 1.5799
Support on 30min chart 1.5765
Support on 1Hr Chart 1.5741

 

[SanMiguel]

We're in a downswing trend now, should be shorting around the 1.58 1.5840 levels for further downside?

Holding on but would like to see a break below 1.5750s...
?

 

[rolston]

Holding on but would like to see a break below 1.5750s...
?

I am still long at 1.5716 AND 1.5696 ( IT WILL HANG ON THE NEWS)

 

[rolston]

Rist Here On 30min chart need to brake above DP

Next Rist 1hr at 1.5793

Next Rist 4hr at 105870

 

[rolston]

Look for pull backs

 

[rolston]

i will buy at 1.5648

 

[rolston]

take some profit here. (30 min Rist) looking for pull back.
Next Target (1.5766 1Hr Rist)

 

[rolston]

Next Target 1.5777

Rist at 1.5766

 

[rolston]

still Holding hit target

 

[rolston]

Next Target 1.5860

 

[rolston]

Hit target take some profit look for pull backs

 

[rolston]

need to brake 1.5860 rist

 

[rolston]

IF we hold above 1.5860 New Target 1.6000

you may want to play short trade here with stops

 

[rolston]

buying here and at 1.5740