GBPUSD
Locally, you can consider buying from these levels (1.23387). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.26252
Local targets - 1.26250
What can you expect?
You can consider entering from the level 1.21870 a big risk, since there is no understanding that the structure has formed for correction. The least risk is to wait for the level 1.23380 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.20330.
Targets 1.25235 - 1.26390 - 1.28240
Locally, you can consider buying from these levels (1.23387). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.26252
Local targets - 1.26250
What can you expect?
You can consider entering from the level 1.21870 a big risk, since there is no understanding that the structure has formed for correction. The least risk is to wait for the level 1.23380 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.20330.
Targets 1.25235 - 1.26390 - 1.28240
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.
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.