Day trade
/
Buy
Trade view / 11 April 2018 at 6:28 GMT

GBPUSD demand continues to point higher

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target: 1.4245
Market price: 1.4185
Background

Investor demand that began and ended Tuesday for GBPUSD produced a third up day in a row and took prices to two-week highs. The scope of the moves means signals for sentiment are overbought but intraday profit taking is finding buyers and we look for that to continue with the focus on last month's top.

Management and risk description

A move to 1.4201 means the stop can be raised to break even.

Parameters

Entry: Buy in 1.4175/80 area and any 1.4148 dip.

Stop: 1.4112 offered.

Target: 1.4201, 1.4227 and 1.4245.

Time horizon: Intraday, closing 16.00 BST.

Three up days
3 Up Days
 Overbought
Overbought
 Long term
Long Term
 All charts from CQG. Create your own charts with SaxoTrader; click here to learn more

— Edited by Susan McDonald

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Non-independent investment research disclaimer applies. Read more

A compiled overview of Trade Views provided on TradingFloor.com is found here
11 April
alki alki
GM Alan. A bit too late :-)
11 April
AlanCollins AlanCollins
GM Alki. yes too late on this one.
11 April
alki alki
Alan, TF notified users that will only carry internal content from April 16th onwards. That means you will stop sharing your trade idea as well?
11 April
marran marran
nice call Alan shame i was half an hour late
11 April
AlanCollins AlanCollins
Hi Alki. tbh I hadn't heard that but that is what it would mean. We do actually place a broader range of trade ideas in a slightly different format, on Saxo's TradeMaker platform if you can access that.
11 April
alki alki
Alan - i follow daily your trade ideas on Saxo Trader platform and of course the question is if they will continue or not.
4d
anatolyvyacheslavoil anatolyvyacheslavoil
This comment has been redacted

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