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Trading Signal - 28/08/2015 - 16:00 (GMT +3)
Instrument: GBPUSD
by: Chief Technical Strategist Avramis Despotis
Previous Close 1.5399
Change -0.11 %
Current 1.5399
52 Week High 1.6368
52 Week Low 1.4566
30 Days ATR 0.0083
40 Weeks ATR 0.0206
Time Trend & Condition Support & Resistances CommentsPosition &
TradeProbability
Entry, Take Profit & StopLoss Levels
60minCHART
·Next 3Days
Downwards Strong·
Neutral
1.5360 1.5480
1.5320 1.5540
1.5260 1.5650
The market is testing resistanceat 1.5480. We are waiting to seereversal signals in order toreinstate SHORT positions, oralternatively the downward breakof the 1.5360 support level. Next
important resistance the 1.5540level.
Position Entry SL
SELL - -
Trade P. TP1 TP2
- 1.5320 1.5260
240minCHART
·Next 3Weeks
Downwards Strong·
Neutral
1.5320 1.5540
1.5020 1.5650
1.4930 1.5820
Waiting for a retracement highertowards the 1.5540 resistancelevel in order to reinstate SHORTpositions.
Position Entry SL
SELL - -
Trade P. TP1 TP2
- - -
DailyCHART·
Next 3Months
Downwards Strong·
Oversold 1
1.5330 1.5930
1.5116 1.6300
1.4770 1.6900
A Medium probability, entry
signal to go LONG was given at1.5690 after the market foundsupport at 1.5330. Only thedownward break of 1.5330 wouldcancel the bullish scenario.
Position Entry SL
LONG 1.5690 1.5330
Trade P. TP1 TP2
Medium 1.6300 1.6900
Legal Disclaimer: All t rading signals provided are general recommendations. They have not been prepared in accordance wit h the requirements designed to promote the independence of
nvestment research.
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