Getting in late... Swing trading on GBPUSD: Using EMA SAR RSI
This is my analysis on GBPUSD on the 15 min chart. Using EMA 200, Parabolic SAR and the RSI we can see some trends starting to form. You can see starting on September 28th GBPUSD went down over 300 pips within 2 days.
Since then, the stock has now risen nearly 200 pips and I think that it will rise another 100 pips more. So i placed a buy at 1.36010 and a take profit at 1.37195 with a stop loss at 1.35689
Looking at the EMA 200. you can see that the 300 pip drop had a large effect on the EMA itself, it went down of course... However when it starts to break out, and go over the EMA and even after its had some resistance and started to breakout again, i noticed that it had very little affect on the EMA, so the price is most likely going to continue the trend upwards until it hits near where the 300 pip drop began. (I will not be discussing the SAR)
Since then, the stock has now risen nearly 200 pips and I think that it will rise another 100 pips more. So i placed a buy at 1.36010 and a take profit at 1.37195 with a stop loss at 1.35689
Looking at the EMA 200. you can see that the 300 pip drop had a large effect on the EMA itself, it went down of course... However when it starts to break out, and go over the EMA and even after its had some resistance and started to breakout again, i noticed that it had very little affect on the EMA, so the price is most likely going to continue the trend upwards until it hits near where the 300 pip drop began. (I will not be discussing the SAR)
Feragatname
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