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Trading GBP/USD

  • Writer: Lester Davids
    Lester Davids
  • 9 hours ago
  • 2 min read

Trade FX: GBP/USD with Unum Capital.

To get started, email lester@unum.co.za


Current price action model reading:


  • Overall Trend: The 14-day trend is very bullish.

  • Current 7-Day Trend: High bullish momentum / approaching overbought.

  • Current 14-Day Trend: Very bullish.

  • Opportunity for a Short-Term Buy/Long Position: Very strong move by buyers in control, but don't chase may fail at attempt to hold the highs.

  • Opportunity for a Short-Term Sell/Short Position: If it doesn't hold the highs then the 8-EMA may be a short/sell target.

  • Current Position & Trend for the Short Term (1 to 10 days): Very strong move buyers in control, but don't chase may fail at attempt to hold the highs. If it doesn't hold the highs then the 8-EMA may be a short/sell target.

  • Current Position & Trend for the Medium Term (2 to 4 weeks): Very strong move buyers in control, but don't chase may fail at attempt to hold the highs. If it doesn't hold the highs then the 8-EMA may be a short/sell target. Apply daily/weekly moving averages where applicable.

  • Current Position & Trend for the Long Term (5 to 8 weeks): Aggressive buying but do not chase. Look for overbought or failure to hold prior session range highs to short-sell back to the 8-EMA. Apply weekly moving averages & time frames (i.e. in some cases, daily).


Short-term strategy suggests strong buyer control, but caution against chasing highs, with a potential short opportunity if highs are not maintained targeting the 8-EMA. The medium-term outlook echoes this strong buyer presence with the same caution and potential short entry based on the 8-EMA, emphasizing the application of daily and weekly moving averages. For the long term, an aggressive buying trend is noted, but the strategy advises against chasing, suggesting looking for overbought conditions or failure to hold previous highs as potential short-sell entries back to the 8-EMA, while applying weekly moving averages and considering daily time frames in some instances.





 

ABOUT THE TACTICAL TRADING GUIDE:


Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action.



Lester Davids

Analyst: Unum Capital


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