ECHO | GBP/USD -> Long opportunity.

29 Mac 2022

Seeing we are closing the month in combination of the end of the first quarter we could see erratic moves take place. For the POUND Sterling, their financial year starts in Q2. Based on seasonal patterns and what we have witnessed lately the last years, APRIL -> Bullish GBP. Have a look at our analysis, see what you can find out.

We have set a pending order at spot price area of 1.3000. There are psychological factors that play where algorithms will take profit at round levels. Further these are the reasons for this pending:


- Round level 1.3000
- Profit taking at local low
- Imbalance zone on H4
- Pullback to ema\s


A wide stop is used to give the trade some breathing room. Final TP could be around the descending TL to form a lower high. We will keep you updated on the trade when it goes live.


ECHO

8 Apr 2022

Dagangan aktif

Our POI has been reached at spot 1.3000 area.

8 Apr 2022

Nota

+30 pips done on a 1:1 RR, partials taken and mitigating any losses by placing SL @ BE.

11 Apr 2022

Nota

Remainder of the position has been stopped out at BE. Not enough liquidity to provide greater momentum to the upside.

12 Apr 2022

Nota

Initial pullback has been completed until the local OB at around 60 pips. I consider this move done, for anyone that wants to swing it, we will update it with preferences and trailing stoplosses if necessary.

13 Apr 2022

Dagangan ditutup: sasaran tercapai

Swing play completed at +110 pips