Trading Signals Manual

Trading Signal - 07 / 09 / 2016 - 10:00 (GMT +3)

Instrument: GBPUSD
by: Chief Technical Strategist Avramis Despotis

Previous Close

1.3415

Change

-0.08 %

Current

1.3415

52 Week High

1.5568

52 Week Low

1.2851

30 Days ATR

0.0096

40 Weeks ATR

0.0253

Time

Trend &
Condition

1.3370

60min
CHART

Next 3 Days

Support &
Resistances

Upwards
Strong

1.3320
1.3260

1.3450
1.3500
1.3580

Comments

The TP2 was almost reached and the market is at

risk of correcting lower. We moved the stop loss at
the new Lock in Profits level (1.3370). Provided
the market conditions will remain the same the
TP2 will be reached soon.

Oversold 1

1.3515

The TP1 has been reached. We closed 50% of our

1.3300

1.3570

position and have moved the Stop loss at the lock

in profits level (1.3375). Provided the market
conditions will remain the same the TP2 will be

1.3220

1.3640

reached soon.

1.3375

240min
CHART

Next 3
Weeks

Upwards
Strong

Neutral

1.2790

Daily

1.3500

CHART

Next 3
Months

Upwards
Strong

Overbought 1

1.2300
1.1600

1.3800
1.4170

The market is in a downtrend and we are waiting

for an entry signal to go SHORT below the 1.2790
support level. Only the upward break of 1.3500
would cancel the bearish scenario and take us
LONG.

Position & Trade

Probability

Entry, Take Profit &

Stop Loss Levels

Position

Entry

SL

LONG

1.3330

1.3370

Trade P.

TP1

TP2

Medium

1.3370

1.3450

Position

Entry

SL

LONG

1.3375

1.3375

Trade P.

TP1

TP2

Medium

1.3430

1.3515

Position

Entry

SL

SELL

1.2790

1.3500

Trade P.

TP1

TP2

Medium

1.2500

1.2200

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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