Exploring the bullish case scenario in GBP/USD
Previously in my Monday's trade idea, I recommended buying GBP/USD
@1.2560. As expected, we are currently up 70 pips from our buy area.
📌If you look at the daily chart in GBP/USD, you will notice that the downtrend
seems to have lost momentum in the 100-day moving average region. This area
is crucial as it can lead to a bullish reversal.
📌 My recommendation is to buy the dips in GBP/USD@1.2570-1.2620 with Stop Loss
below 1.25.
📌TPs can be placed at 1.28 which is the minor resistance. Once it is broken, bulls
can target 1.2980 and 1.3120 as TP.
@1.2560. As expected, we are currently up 70 pips from our buy area.
📌If you look at the daily chart in GBP/USD, you will notice that the downtrend
seems to have lost momentum in the 100-day moving average region. This area
is crucial as it can lead to a bullish reversal.
📌 My recommendation is to buy the dips in GBP/USD@1.2570-1.2620 with Stop Loss
below 1.25.
📌TPs can be placed at 1.28 which is the minor resistance. Once it is broken, bulls
can target 1.2980 and 1.3120 as TP.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.