Forex currency pair Great Britain Pound (GBP/USD) has dropped a massive 386 points after our predictive price analysis blog post dated 19-Apr-2019. This is the advantage of our Prop Trading Strategies (PTS) when applied to Forex trading.
In our predictive price analysis blog post dated 19-Apr-2019, we technically analyzed the price action of Forex currency pair Great Britain Pound (GBP/USD) and concluded if the price of Great Britain Pound is breaking below the critical level of 1.2990 and staying below that level then it has the potential to go down in price.
After our blog post, Great Britain Pound actually broke the level of 1.2990 to the downside and stayed below that level. Now at the time of writing this post, the price of Great Britain Pound has dropped a massive 386 points (2.97% from our predictive price level of 1.2990) as shown in the chart below:
This price drop for Forex currency pair, Great Britain Pound, actually happened only in 9 days. When you follow our Forex Prop Trading Strategies (PTS), you will be developed to derive benefit from similar price action happening in near future.
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To know these critical aspects of our predictable pattern breakout analysis through our PTS approach please contact us at 03 9015 4858 and book your FREE Trading session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
Now you can learn to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.
Our Proprietary Forex Trading Strategy which work will guide you through every step of your trading in Forex Pairs and explore the possibility of earning extra income. Learn what all other Forex Currency Pairs we are Trading in our Forex Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.
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Our blog post dated 19-Apr-2019:
The Forex Currency pair Pound dollar (GBP/USD) is trading in a very tight range for the last 20 days. In this post, we have highlighted the extreme power of a possible breakout (or bounce) trade from this critical Market Structure printed by the Forex Currency pair GBP/USD also known as Sterling Dollar or Pound Dollar or Cable. We will illustrate how the Pound Dollar (GBP/USD) needs to be Traded from here?
At the time of writing this blog post, Pound Dollar has printed a typical Forex Pattern as explained below.
Forex Pair Pound Dollar is at the end of the pattern now. Time has come for Pound Dollar to break the bottom support line or bounce from there.
The last support line for Pound Dollar was drawn by joining the swing lows of 11.03.2019 and 29.03.2019 which supported the price on 05.04.2019 to the dot.
The last resistance line for Pound Dollar was drawn by joining the swing highs of 13.03.2019 and 27.03.2019 which resisted the price recently on 12.04.2019 to the dot.
The last support line is a tentative trend line for obvious reasons (as explained in the N P Financials’ Trader Foundation course) for Pound Dollar.
We need to see a confirmed break (as defined by N P Financials’ Breakout method) of the support line in the coming few days to consider Short positions for Pound Dollar.
To know these critical aspects of this predictable pattern breakout by taking your Forex Trading to the Next Level through all our professional approach please contact us at 03 9015 4858 and book your FREE Trading session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
Now you can learn to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.
Our Proprietary Forex Trading Strategy which work will guide you through every step of your trading in Forex Pairs and explore the possibility of earning extra income. Learn what all other Forex Currency Pairs we are Trading in our Forex Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.
Please click on the Contact Us link: Goo.Gl/2SRZoG
Call us on +61 3 9790 6476
email: [email protected]
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