Forex Day Trading - GBP/USD


This the 2Day 5Min Chart for GBP/USD
There are reports of High Importance due out today at 1.30pm and 3pm. Trade with caution before 3pm.
A pending Sell order has been placed just below the Pivot Point at 15390.
A pending Buy order has not been placed yet due to the hapharzard uptrend and the high from yesterday is above the 1st resistance. I will observe what happens when the market gets to the 1st resistance.

Comments

Post a Comment

Popular posts from this blog

About dkbMARKETS, Forex Trading Competition with Cash Prizes and Other Bonuses

Image
Why dkbMARKETS?? dkbMARKETS, www.dkbmarkets.com , is run by highly experienced industry professionals bringing you first class service. We are here to assist you in becoming a successful trader and investor in the Financial Markets. We provide you with access to Trade the global financial markets such as Currency (Forex) trading, Commodities trading, Trading Indies and also trading USA, UK and European Stocks. We also provide on-going mentorship and support for our Live Account holders with weekly online Live Trading sessions. We hold regular FREE live and online seminars, workshops and paid master classes. We currently have a promotion going on which entitles NEW Live Account holders to a 40% instant bonus on their deposit also with a FREE e-book titled "The Definitive Guide To Building a Winning Forex Trading System". To be updated on our events and seminars, Click Here on dkbMARKETS Updates to fill out the form and follow the instructions. Feel free to ...
Read more

Market Assessment - Forex Trading - EURUSD

Image
We have another HUGE report due out today at 13:30 GMT+1, the USD Consumer Price Index (YoY) (APR). This report is of mega importance and will affect ALL Markets. There is a high probability of ALL Markets trending sideways prior to the report at 13:30 GMT+1. The USD Advance Retail Sales (APR) will also be announced at the same time. Look at the EURUSD 5min Chart, the Market is currently trending sideways. I have not placed any pending orders. Will reassess just before the reports at 13:30.
Read more