Hello Traders,
So, today i'm going to talk about GBPUSD. And on daily timeframe we can see the uptrend forming a possible new Higher High,
after a long impulse across 400 pips, reaching a value zone (1.30), the price needs to recover.
So, we can start monitoring this pair for a possible short position as it touches (1.30), aiming the (1.26) level.
We'll look for a signal of reversion on 4h candles.
Entry : 1.3000
SL: 1.30300
TP : 1.2600
R/R: 13.33
GBPUSD
Let me know in the comments if you have any question,
Have a nice trading week .
So, today i'm going to talk about GBPUSD. And on daily timeframe we can see the uptrend forming a possible new Higher High,
after a long impulse across 400 pips, reaching a value zone (1.30), the price needs to recover.
So, we can start monitoring this pair for a possible short position as it touches (1.30), aiming the (1.26) level.
We'll look for a signal of reversion on 4h candles.
Entry : 1.3000
SL: 1.30300
TP : 1.2600
R/R: 13.33
GBPUSD
Let me know in the comments if you have any question,
Have a nice trading week .
הערה:
The two possible scenarios chart is in the comments, because of not being a pro member.
I will upgrade it soon,
Thanks for your understanding.
I will upgrade it soon,
Thanks for your understanding.
Today, the price finally reached and crossed the (1.30) level, hitting the uptrend line.
It looks to be forming the Higher High we wanted.
I will wait for the price to resist at this level, or we could get a possible fake breakout this week while GBP is strong.
If price resist look for a signal on 4h timeframe.
And if the price breaks the trend wait next week, or next level (1.32)
I will be updating this post.
I will let you here the two possible scenarios for this pair based on my personal analysis.
Let me know in the comments if you have any question.