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  2. Technical Analysis
  3. Free Forex Signals
  4. GBP/USD Signals - July 21, 2011
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GBP/USD Signals - July 21, 2011

By Adam Lemon
Adam Lemon
By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

By: Fadi Steitie

image

Click on image to enlarge

Currency: GBP/USD
Strategy: Ichimoku
Signal: Sell
Trade Description: Trend below Kumo and retracing 0.5, 0.61 Fib
resistance level, Tenkan sen crosses Kijun sen. I will sell at 1.61599
or 1.62498.
Stop Loss: 1.63611
Target: Open
Duration: One week trade

Neither DailyForex nor the author is responsible for the outcomes resulting from trades that are based upon these signals. We are providing these signals as a guideline for interested traders, not as a commitment to profitable trading. Online Forex trading involves high risk and is not suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk. By using the DailyForex website, you agree not to hold DailyForex, or any of its affiliates, liable for decisions that are based on information contained anywhere in this site.

Adam Lemon
By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

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