empty
 
 

Forex Analysis & Reviews: How to trade GBP/USD on November 25? Simple tips for beginners. The pound lost another 60 points per day
time 24.11.2021 11:06 PM
time Rilevanza fino a, 25.11.2021 08:52 PM

Analysis of previous deals:

30M chart of the GBP/USD pair

This image is no longer relevant

The GBP/USD pair continued its downward movement on the 30-minute timeframe, November 24. Simple and easy. The markets did not even wait for the US data, but almost immediately continued selling the pound. The downtrend channel was slightly rebuilt during the day, but the downward trend is now clear. Today the pound has renewed its annual lows again. We draw the attention of novice traders to the fact that the markets ignored macroeconomic statistics that could help the pound to correct against the dollar at least a little. The third quarter GDP report in the US was weaker than forecasts, as was the report on orders for durable goods. Nevertheless, the pound's decline only accelerated in the afternoon. Based on this, we conclude that the main thing now is the mood of the markets. "Fundamentals" and "macroeconomics" are now not too important for the pound/dollar rate. This week, in any case, there are few important events and reports.

5M chart of the GBP/USD pair

This image is no longer relevant

The movement of the pound/dollar pair looks good on the 5-minute timeframe, although not in the best way. The main thing is that intraday trend movement was observed during the day. Therefore, one could count on the formation of strong signals and profit. There were few signals, only two, and not the best ones. The first one - to buy - was formed near the level of 1.3352 and turned out to be weak and false. The price could not go up after it formed 20 points, so novice traders could not set Stop Loss to breakeven. As a result, the trade closed at a 13 points loss when the price settled below 1.3352. However, the second short position already turned out to be more successful, since after the formation of the corresponding signal, the price went down by about 23 points, which made it possible to cover the loss on the first deal and make some money. Overall not the best day, but no losses were incurred.

How to trade on Thursday:

At this time, on the 30-minute timeframe, the upward trend has been replaced by a downward one. Traders passed the 1.3352 level without any problems, but now they have a new obstacle on their way - the 1.3304 level. Thus, in order for the British currency to fall further, it is now required to overcome this level. The important levels on the 5-minute timeframe are 1.3304, 1.3352, 1.3396. We recommend trading on them on Thursday. The price can bounce off them or overcome them. There are no important levels below, as the price has not been at these price levels for over a year. As before, we set Take Profit at a distance of 40-50 points. At the 5M TF, you can use all the nearest levels as targets, but then you need to take profit, taking into account the strength of the movement. When passing 20 points in the right direction, we recommend setting Stop Loss to breakeven. Bank of England Governor Andrew Bailey is scheduled to speak in the UK on November 25, but we do not believe that important information will be announced during it. Accordingly, the markets are unlikely to respond by actively opening deals to this event.

Basic rules of the trading system:

1) The signal strength is calculated by the time it took to form the signal (bounce or overcome the level). The less time it took, the stronger the signal.

2) If two or more deals were opened near a certain level based on false signals (which did not trigger Take Profit or the nearest target level), then all subsequent signals from this level should be ignored.

3) In a flat, any pair can form a lot of false signals or not form them at all. But in any case, at the first signs of a flat, it is better to stop trading.

4) Trade deals are opened in the time period between the beginning of the European session and until the middle of the US one, when all deals must be closed manually.

5) On the 30-minute TF, using signals from the MACD indicator, you can trade only if there is good volatility and a trend, which is confirmed by a trend line or a trend channel.

6) If two levels are located too close to each other (from 5 to 15 points), then they should be considered as an area of support or resistance.

On the chart:

Support and Resistance Levels are the Levels that serve as targets when buying or selling the pair. You can place Take Profit near these levels.

Red lines are the channels or trend lines that display the current trend and show in which direction it is better to trade now.

The MACD indicator consists of a histogram and a signal line. When they cross, this is a signal to enter the market. It is recommended to use this indicator in combination with trend lines (channels and trend lines).

Important speeches and reports (always contained in the news calendar) can greatly influence the movement of a currency pair. Therefore, during their exit, it is recommended to trade as carefully as possible or exit the market in order to avoid a sharp price reversal against the previous movement.

Beginners on Forex should remember that not every single trade has to be profitable. The development of a clear strategy and money management are the key to success in trading over a long period of time.

Paolo Greco,
Esperto analista di InstaForex
© 2007-2022
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

NZD/USD sviluppa un momentum rialzista. Previsioni per il 25 novembre 2022

Sul grafico a 4 ore, la coppia NZD/USD è scambiata in una tendenza rialzista. Il prezzo ha sfondato il canale ascendente e ora si sta muovendo al di sopra

Dean Leo 14:16 2022-11-25 UTC+2

AUD/USD: si prevede un ulteriore sviluppo della tendenza ascendente. Previsioni per il 25 novembre 2022

Sul grafico a 4 ore, la coppia AUD/USD è scambiata in una tendenza rialzista. Il prezzo attuale è al di sopra del Ichimoku Cloud, indicando un momentum ascendente. Si prevede

Dean Leo 14:11 2022-11-25 UTC+2

ETH/USD: si prevede che il momentum ribassista si rafforzi. Previsioni per il 25 novembre 2022

Sul grafico a 4 ore, la coppia ETH/USD è scambiata in una tendenza ribassista. Il prezzo attuale è al di sotto del Ichimoku Cloud, indicando un momentum discendente

Dean Leo 13:47 2022-11-25 UTC+2

Analisi degli indicatori. Revisione giornaliera per la coppia di valute GBP/USD del 25 novembre 2022

Analisi delle tendenze (fig. 1). Venerdì, il mercato dal livello 1.2111 (chiusura della candela giornaliera di ieri) cercherà di continuare il movimento verso l'alto con l'obiettivo 1.2213 – il livello

Stefan Doll 08:18 2022-11-25 UTC+2

Analisi degli indicatori. Revisione giornaliera per la coppia di valute EUR/USD del 25 novembre 2022

Giovedì, mentre la coppia si muoveva verso l'alto, ha testato il livello dell'85,4%, 1.0456 (linea tratteggiata gialla), ed è andata verso il basso, chiudendo la candela 1.0411. Oggi è possibile

Stefan Doll 08:18 2022-11-25 UTC+2

Ultime previsioni per GBP/USD il 25/11/2022

Non essere arrabbiato per la stagnazione di ieri, perché oggi continuerà, poiché negli Stati Uniti in realtà non è un giorno lavorativo, a meno che non si tenga conto

Dean Leo 08:15 2022-11-25 UTC+2

Verbale della Fed: il tasso aumenterà, ma più lentamente e possibilmente più a lungo.

Mercoledì è stato il giorno più interessante di questa settimana. Oltre a una serie piuttosto ampia di dati statistici provenienti da Regno Unito, Stati Uniti e UE, abbiamo anche conosciuto

Chin Zhao 06:30 2022-11-25 UTC+2

La Banca d'Inghilterra potrebbe anche tagliare i tassi di interesse nel prossimo futuro.

La Banca d'Inghilterra è ora un "cavallo oscuro". Nonostante il regolatore britannico abbia alzato il suo tasso più a lungo della Fed e della BCE (ma più lentamente), è difficile

Chin Zhao 06:30 2022-11-25 UTC+2

NZD/USD sviluppa un momentum rialzista. Previsioni per il 24 novembre 2022

Sul grafico a 4 ore, la coppia NZD/USD è scambiata in una tendenza rialzista. Il prezzo ha sfondato il canale ascendente e ora si sta muovendo al di sopra

Dean Leo 14:28 2022-11-24 UTC+2

AUD/USD: persiste il potenziale per un'ulteriore crescita. Previsioni per il 24 novembre 2022

Sul grafico a 4 ore, la coppia AUD/USD è scambiata in una tendenza rialzista. Il prezzo attuale è al di sopra del Ichimoku Cloud, indicando un momentum rialzista. Si prevede

Dean Leo 14:17 2022-11-24 UTC+2
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.