GBPUSD H4 Time Frame Analysis - Buy Opportunity

8 ביולי 2019

Recent Job release from the US empowered USD Pairs on Friday 5th after the Actual News release beat the exceptions as forecasted prior to Job release. with Powell's Testimony on Wednesday & Thursday, we can see the Dollar losing power against the Pound and other currencies, as it has reached its Demand levels, we can take advantage of this opportunity as it retested the 100 Fib level leaving a double bottom formation which signals a Buy. Risk Reward - 1:3 - Set SL: 50Pips, TP1: 60Pips TP2: 100Pips, TP3: 140Pips