GBPUSD bids put a block on the selling

by | December 3rd, 2018, 12:14:44 | Orders | 6 comments

Forex Buyers and sellers

Bids into 1.2700 have brought a halt to the selling so far

I bought the dip to 1.2710 earlier on the back of the orders info. I’ve knocked half out for 10 pips as I’m not keen holding longs in GBP overall right now, so I want to lower the risk when I am as quick as possible.

Resistance has already shown up at the broken 1.2730 level, coming in at 1.2725. That area needs to be retaken to relieve this bearish pressure. Failure to do that will bring another test of the lows (happening as I type now).

GBPUSD 15m chart

GBPUSD 15m chart

The ForexFlow order board currently lists bids, offers and where the stops are sitting for 5 major pairs and you can access it daily via the ForexFlow platform.

 

 

Ryan Littlestone
Latest posts by Ryan Littlestone (see all)

6 Comments

  1. grasshopper_fxl
    grasshopper_fxl on December 3, 2018 at 12:38 pm

    interesting. i did same. still holding long though. same with GJ and GA, and short AU.

    • Ryan Littlestone
      Ryan Littlestone on December 3, 2018 at 1:01 pm

      I want to be out of this as quick as possible.

      • Yet Another Ryan
        Yet Another Ryan on December 3, 2018 at 1:52 pm

        Will you guys hurry up and Brexit already? I want to be able to buy pounds again for more than 10 minutes and not sweat the next headline. Seems like prices and Traders’ sentiment remains pretty down in the toilet. I always check in and look at forexflow each morning to see if you guys are still tweeting about shorting the pound. Pretty much everyday, every rally, getting ready to sell your longs or sell short. I personally don’t have the patience to follow the ins and outs to get into a long or short, this feels like alot of work and the politics are mystifying to me.

        • Ryan Littlestone
          Ryan Littlestone on December 3, 2018 at 2:07 pm

          Hi YAR.

          How are you sir?
          I wish the clowns would hurry up about it. I’ve got the beginnings of a plan for the 11th Dec vote though. More on that when I put it together.

          • Prutar
            Prutar on December 3, 2018 at 2:13 pm

            Nice, Ryan. Hardly waiting. I really like your strategy articles for important events… 🙂

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