weekly forecast for GBPUSD
Updated
GBPUSD is forming a Bat pattern which expected to be complete at D point as shown in the chart.
The reason i see a potential in this trade that a price action (engulfing candle) appeared at C point
This is just an Idea. please do your analysis before taking any trade and don't depend on other analysis. Happy trading
The reason i see a potential in this trade that a price action (engulfing candle) appeared at C point
This is just an Idea. please do your analysis before taking any trade and don't depend on other analysis. Happy trading
Trade active
nice move from our entry point. 50+ pip Trade closed: target reached
TP 1 reached 160 pip :) .. close half of your positions followersTrade closed manually
after reaching TP1 the market found sellers after yesterday BOE conference and the price broke the channel below our buy entry and confirmed the change in trend therefore i decided to close this trade to save our profit which we made in TP1.Total profit in PIPs for this trade is TP1 (160) - SL (40) = 120 pips during this week.. not bad ;)
good luck followers
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