If we look to GBPUSD we will find that this pair started a new trend and downtrend is almost(maybe) finished.
Considering this new uptrend we had a pullback and now this pullback came to 50% fib retracement level and also 200 EMA, Yesterday we had a bullish candle so price facing support in this area.
Going long from this level is a good opportunity to catch and ride this new trend also our risk will be small(My SL 1.5471).
Considering this new uptrend we had a pullback and now this pullback came to 50% fib retracement level and also 200 EMA, Yesterday we had a bullish candle so price facing support in this area.
Going long from this level is a good opportunity to catch and ride this new trend also our risk will be small(My SL 1.5471).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.