GBPUSD Is Testing Its Support, Prepare For A Bounce
Buy above 1.3991. Stop loss at 1.3925. Take profit at 1.4182.
Reason for the trading strategy (technically):
GBPUSD is approaching testing its support area at 1.3991 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.4182 (50% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 1.4082 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing its support at 3.11% where we expect to see a corresponding bounce.
Reason for the trading strategy (technically):
GBPUSD is approaching testing its support area at 1.3991 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.4182 (50% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 1.4082 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing its support at 3.11% where we expect to see a corresponding bounce.
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.