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Trading Signals Manual

Trading Signal - 20 / 10 / 2017 - 16:00 (GMT +3)


Instrument: GBPUSD
by: Chief Technical Strategist Avramis Despotis

Previous Close 1.3183

Change 0.24 %

Current 1.3183

52 Week High 1.3619

52 Week Low 1.1987

30 Days ATR 0.0072

40 Weeks ATR 0.0147

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

1.3080 1.3210
60min The market is testing resistance at 1.3210. We are
SELL - -
CHART waiting to see reversal signals in order to reinstate
1.3020 1.3250
Downwards SHORT positions. Next important resistance the
Trade P. TP1 TP2
Next 3 Days Strong 1.3250 level.
1.2920 1.3320

Overbought 2 - - -

Position Entry SL

240min 1.3140 1.3340


CHART Waiting for a retracement lower towards the BUY - -
1.3040 1.3490 1.3140 support level, in order to reinstate LONG
Upwards
Next 3 positions. Trade P. TP1 TP2
Weak
Weeks 1.2900 1.3730

Neutral - - -

Position Entry SL

Daily 1.3000 1.3350 Waiting for the downward break of 1.3000 support
CHART level which will complete a bearish trend reversal SELL 1.3000 1.3350
1.2820 1.3490 pattern to go SHORT. Only the upward break of
Next 3 Downwards
1.3350 would cancel the bearish scenario and Trade P. TP1 TP2
Weak
Months 1.2500 1.3740 take us LONG.

Neutral Medium 1.2820 1.2500

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence of
investment research.

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