“Mastering GBP/USD: Multiple Time Frame Analysis + Stop Loss Placement
Hey y’all.
Take a look at GBPUSD with me this Sunday morning.
I’m completing a top down analysis looking for a quick and easy play this week.
In this analysis, I use a simple approach to the multiple time frame analysis by identifying key levels of support, resistance and trendlines. Then using the fibonacci retracement and extension tool, I come up with my hypothesis on this pair.
I also show where and how I place my stop loss and target take profit.
What’s on your playbook for GBPUSD this week. I see XXXUSD pairs are setting up for some good movement.
How are you playing this one?
#GBPUSDanalysis #technicalanalysis #fibonacciforbeginners
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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.
I analyze 26 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.
I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.
You will typically see me cover the following:
AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD
As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.
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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Been using unregulated brokers all this time and with the recent crackdowns on these brokers what is a good broker for me to switch to?
Good stuff. I’m a scalper but I still like to see your breakdown analysis!