GBPUSD Long opportunity
Updated
After the reports released in the US 30/4
The us dollar has gained some of its strength against other currencies including the cable
According to the shown setup GBPUSD sits at a nice spot for a long position touching or close to:
1-EMA 50
2- Bottom of an ascending channel
3-0.382 and 0.618 Fib levels on short-term and long-term respectively
4-A well-tested support and psychological level of 1.38
1st TP at 1.4
2nd TP at 1.42
3rd TP at 1.43
SL at 1.37 is good
*wait for a bullish candle on Sunday as a confirmation
Good trading everyone
The us dollar has gained some of its strength against other currencies including the cable
According to the shown setup GBPUSD sits at a nice spot for a long position touching or close to:
1-EMA 50
2- Bottom of an ascending channel
3-0.382 and 0.618 Fib levels on short-term and long-term respectively
4-A well-tested support and psychological level of 1.38
1st TP at 1.4
2nd TP at 1.42
3rd TP at 1.43
SL at 1.37 is good
*wait for a bullish candle on Sunday as a confirmation
Good trading everyone
Trade closed: target reached
2nd TP hit with a possible double top forming on the daily/weekly charts aiming below 1.35
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