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GBP/USD analysis by Keon Consultancy | Feb 5, 2020

Writer's picture: KeonConsultancy.comKeonConsultancy.com

We entered sell in GBP/USD. Here is what we see on D1/daily time-frame:

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Here is what we see on H4 time-frame:

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Note: if ISM Non-Manufacturing PMI from USA will come less than forecast today, we'll close sell of GBP/USD at break even point and will enter sell in GBP/JPY with target of same amount of pips.

4 comments

4 Comments


K Trade
K Trade
Feb 06, 2020

The trade had been stopped out at Break Even point.

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K Trade
K Trade
Feb 05, 2020

ISM Non-Manufacturing PMI from USA came 0.5 better than forecast with a revision of 0.1 less in previous, thus overall deviation is +0.4. Therefore, no trade in GBP/JPY and holding onto sell of GBP/USD.

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K Trade
K Trade
Feb 05, 2020

Moved SL to BE ahead of US ISM Non-Manufacturing PMI.

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K Trade
K Trade
Feb 05, 2020

If ISM Non-Manufacturing PMI from USA will come less than forecast but not less by a deviation of more than 0.5; we will keep both trades, sell in GBP/USD and GBP/JPY.

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