GBPUSD Trade Plan
Bullish Indications:
1. Morning Doji Star (last candle)
2. Falling Wedge Bullish Reversal Pattern
3. Major Support @ 1.31342
Bearish Indications:
1. Lower Highs & Lower Lows
2. Bearish Trendline
3. Support broken @ 1.33018 (0.236 Fib)
3. No Oscillator Divergence
Baised: Short & Long
Suggested trade plans are:
Plan A: Short (till the support zone)
Sell Stop: 1.32350
SL @ 1.33000 (0.236 Fib)
TP: 1.31350 (100 Pips)
Plan B: Long (After the Wedge breakout)
Buy Stop: Above the 1st green candle
SL @ Tail of the last candle
TP: 200 pips
1. Morning Doji Star (last candle)
2. Falling Wedge Bullish Reversal Pattern
3. Major Support @ 1.31342
Bearish Indications:
1. Lower Highs & Lower Lows
2. Bearish Trendline
3. Support broken @ 1.33018 (0.236 Fib)
3. No Oscillator Divergence
Baised: Short & Long
Suggested trade plans are:
Plan A: Short (till the support zone)
Sell Stop: 1.32350
SL @ 1.33000 (0.236 Fib)
TP: 1.31350 (100 Pips)
Plan B: Long (After the Wedge breakout)
Buy Stop: Above the 1st green candle
SL @ Tail of the last candle
TP: 200 pips
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.