FX.co ★ Weekly technical levels of GBP/USD for January 27-31, 2014

Weekly technical levels

Descriptions for the trading signal systems.

• The range in the long term means return strategy that looks to go against strong divergence from the pair’s average value. It will usually hold trades for a prolonged period of time and is one of the slower moving trading strategies. There is another range uses sentiment as a filter for its trades. It will use a simple oscillator range trading strategy but only take the trading signals if Fibonacci retracement levels are not at extremes because there a real relation between the Fibonacci and range that lies in: Fibonacci in a range trade is looks like the trend is trapped and going up and down, if you sell or buyin the long term, you will go sure for losing your profit. It is properly short-term in nature and will tend to trade very little during times of strong trending moves. It is also one of the most volatility sensitive trading systems and will tend to do rarely during times of sharp currency moves.