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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on September 30 (Review of Morning Trades). The Pound Is Aiming for a Monthly High
In my morning forecast, I focused
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In my morning forecast, I focused on the level of 1.3393 and planned trading decisions around this point. Let's review the 5-minute chart to understand what happened. A rise and subsequent false breakout at this level offered an excellent entry point for selling the pound. However, after a 20-point decline, the pressure on the pair eased. A breakout and retest of 1.3393 provided a buying opportunity, leading to a 30-point rise. The technical outlook was revised for the second half
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
GBPUSD
Great Britain Pound vs US Dollar
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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