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GBPUSD

<img src="https://charts.mql5.com/24/144/gbpusd-h1-egm-securities-limited.png" width="717" height="553" alt="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo" title="Chart GBPUSD, H1, 2020.04.06 17:39 UTC, EGM Securities Limited, MetaTrader 4, Demo">

GBPUSD is currently rallying around 1.22981. On the 1 Hour Chart , the previous  candle closed below the previous  52 Period Exponential Moving Average. 
 This is a possible Indication that we are in an active Down trend  . GBPUSD is currently in a range, not going above the previous day's highest high 1.24721,or the previous day's lowest low 1.22412. If the price breaks above 1.24721 then we will consider a long term buy with our target at 1.21744.  And on the flipside, a sustained move below 1.24721 will  attract sellers with an ideal target around 1.14087

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  • 4 weeks later...
On 5/6/2020 at 11:30 AM, Roberts said:

I try to watch the market thanks to the analysts of Amarkets, where they give their recommendations.

I always read market analysis from Hotforex analyst before I start my trading day, it helps me to shape my overall strategy for the day, choose between risk-off and risk-on directions. 

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I believe that the ability to analyze has an important impact in forex trading, where by having the ability to analyze, traders will be able to analyze the market accurately and benefit from it. Therefore, I still regularly learn and sharpen my analyzing skills with FreshForex broker.

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Gold prices yesterday move in the highly volatility, catching profit on gold need to pay attention to the reasonable target, using average true range is one way to measure target profit, gold of XAUUSD in the chart can be traded with scalping trading strategy with low spread on FXOpen, traders possible to make profit from gold only less than a hour when the price in high fluctuation.

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The ability to analyze is indeed influential in our success in forex trading, which is why we need to develop our analytical skills and practice regularly so that we can accurately analyze the market and take advantage of bonuses from FreshForex broker to maximize profits.

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  • 3 weeks later...

For beginners don't trade on exotic pairs like EURTRY or USDTRY, etc. Because exotic pairs were too risky, the pairs charged big spreads, and high volatile, beginners suggested trading on the major pair low spread like EURUSD, and AUDUSD, in FXOpen the spreads start from 0.0 pips, and possible get negative spreads in ECN account using MT4 or TickTrader terminal platform.

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  • 10 months later...
On 3/22/2023 at 4:26 AM, radex78 said:

For beginners don't trade on exotic pairs like EURTRY or USDTRY, etc. Because exotic pairs were too risky, the pairs charged big spreads, and high volatile, beginners suggested trading on the major pair low spread like EURUSD, and AUDUSD, in FXOpen the spreads start from 0.0 pips, and possible get negative spreads in ECN account using MT4 or TickTrader terminal platform.

I am making use of the EURUSD and the GBPUSD pairs as they have allowed me to do my trades with confidence.

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