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GBP USD Buy

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Pankaj D Costa
2738
Pankaj D Costa 2015.02.28 20:04 

Hello friends, 

After 8 months, GBP USD got an up trend. I like to play with long trade, because day candle is showing in February GBP crossed my favourite MA and still now its staying up. So, I think its a good time to buy GBP USD, And of course have to use SL for 100 Pips (Long time). What's your opinion? Am I in the right way?

Files:
GBP.jpg 92 kb
Rozana Sustar
2274
Rozana Sustar 2015.02.28 20:08  
nirob76:

Hello friends, 

After 8 months, GBP USD got an up trend. I like to play with long trade, because day candle is showing in February GBP crossed my favourite MA and still now its staying up. So, I think its a good time to buy GBP USD, And of course have to use SL for 100 Pips (Long time). What's your opinion? Am I in the right way?

Yes it is time to buy. (Based on my indicators)
Pankaj D Costa
2738
Pankaj D Costa 2015.02.28 20:27  
Thanks Matija. Now lets see what will happen.
david mackay
2212
david mackay 2015.03.02 05:15  
The Weekly chart is still in a downtrend, the current up move on the Daily chart may be short lived. We have seen similar up moves  or retraces on the way down, this may be a repeat of those.
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