GBPUSD rally up to near the potential reversal zone Monthly resistant MR1 – MM4 1.2650 – 1.27 . Bear is waiting for rejection H4 candle then look for sell opportunity when the price is rally up again .

GBPUSD Daily ( 26 Jan , 2017 )

GBPUSD is entering resistant area monthly resistant MR1 - MM4 but has not shown any sign of rejection yet Bear will wait for lower low to appear .

GBPUSD H4 ( 26 Jan , 2017 )

GBPUSD has entering profit take zone for Bull. The Seller must be patient waiting for lower low to appear later .

GBPUSD 15M ( 26 Jan , 2017 )

Entry time frame is a waiting for sign of reversal to appear on the H4 before looking for Selling opportunity .

4 thoughts on “GBPUSD Trade Plan ( 26 Jan , 2017 )”

  1. Warren says:

    Nice analysis, on my charts I see MCDEE divergence & Stochastics are oversold on H4 so a reversal definitely looks like it could be on the cards today.

    1. Daniel Chan - Forex.Today says:

      Thanks Warren for your feed back 🙂

  2. James Mauro says:

    Good setup Dan for a possible longer term as well from this level if you hold a position and price breaks down thru 1.2000. Lets see

    1. Daniel Chan - Forex.Today says:

      Thanks James for positive encouragement 🙂

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