GBP/USD 5min setups

EU - short signal building but i'll need to see a confirmed breakdown of 3880. Looking to the hrly chart, i have a fib ext tgt @3630 which is smack on the monthly pivot.
 
Thanks for the rec Trendie :) Just been going over the chart and I let fear of a sudden reversal off the monthly pivot get the better of me. Price is still making lower lows and lower highs and I must pay more attention to this basic PA.
 

Attachments

  • 19th Oct GU 1.PNG
    19th Oct GU 1.PNG
    28.5 KB · Views: 91
GU - long setting up now, just waiting for a 5min close above 5754.

GU looks as though it might rejoin hourly trend short. If there's a 5min close below 5700 with momentum i'll have another go..longer term swing trade tgts 5470-5500.

Edit: 12:13 - EU looks ripe for shorting too, good swing trade developing likely tgt areas 3620 and 3515!
 
EU - short 3827. sl 3853. Swing trade tgt 3700 (hrly swing low), then 3620, then 3500...may take a while! 1% risk.
 
Top