Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1. Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. General Election lifted this pair dramatically as soon the exit polls were released at 10pm London time last Thursday evening. The bullishness has held up with the nearest support level which has been flipped from resistance at 1.

At Noon London time the Bank of England will announce the Official Bank Rate and release the MPC Rate Statement, which is likely to affect the GBP. DailyForex was established out of a strong need for a Forex website that provides all the necessary information to become a successful Forex trader.

We conduct our reviews in a completely objective manner and evaluate multiple characteristics including the registration process, customer support, supported platforms, payment methods, withdrawal process, and much more.

In addition to our in-depth reviews, we also offer a very advanced comparison chart between the selected brokers, signal providers, and Forex products. It is important to understand that these reviews are conducted after we actually sign up with the various brokers, determine the level of service they provide, and grade them accordingly. DailyForex's goal is to provide both new and experienced Forex traders, with a set of clear and easy-to-use tools that will enable them to make a much more educated decision when choosing a Forex service to best fit their needs.

Login Register Sign up with: Stocks Keywords Contributors Users. By Adam Lemon of Daily Forex.

Monday, May 11, 9: Trades may only be made between 8am and 5pm London time today. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1. Put the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 25 pips in profit. Long Trade 2 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.

Forex Technical Analysis of NZDUSD for May 11, | Forex Signals Market

Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Put the stop loss 1 pip above the local swing high.

There is key resistance at 1. There is definitely an upwards trend but a pull back off 1. How did you like this article? Let us know so we can better customize your reading experience.

BoE Asset Purchase Facility | May 11 , | Forex Calendar | Myfxbook

Users' ratings are only visible to themselves. Leave a comment to automatically be entered into our contest to win a free Echo Show.

Or Sign in with. All users Novice Users And Above Intermediate Users And Above Sophisticated Users.

The comment was deleted! Remove Request Block User.

Analyst and Forex Trader. Articles Videos 16 Audios 2 Posts 1 Comments 0. Others who follow these stocks. Apply to Become a Contributor.