Technical Commentary :- In Weekly Chart :- Last week GbpUsd was closed on higher side as bullish candle and its was closed above the key resistance level of horizontal line and its trading below the upper trend line so we can except on buying side upto next resistance of upper trend line level :- which we have shown in attached image.
In Daily Chart :- last day GbpUsd was closed on higher side as bullish candle and now GbpUsd was trading near upper trend line and trading below the resistance level of horizontal line If upper trend line breaks means we can except on buying side upto to that we can except on selling side by keeping stoploss above the upper trend line and resistance level :- which we have shown in attached image.
In 4 Hour Chart :- GbpUsd was trading in the equidistance channel lines and its was trading in the sideways movement between key resistance level and key support level so we can sell near intraday resistance levels and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- GbpUsd was broken the upper trend line of the triangle pattern now this upper trend line acting as support level so we can buy near the trend line and except upto next key resistance level :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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