Forex Day Trading - GBP/USD


This is the 2Day 5Min Chart for GBP/USD
.
There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm.
.
The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 15576. A pending Sell order has been placed just below S1 at 15500.

Comments

Post a Comment

Popular posts from this blog

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place. The Stop loss has now been moved to 14012, just below the most recent low point in the market.
Read more