GBPUSD working exactly as per old patterns.. Now 2nd Part of it!
GBPUSD working exactly as per old patterns.. Now 2nd Part of it!
I shared my buy setup on monday and it is working exactly as per its old chart patterns.. so now what?
On 4hr it has taken out resistance trendline and now trading in channel.. As far as now low of 1.287 holds.. I am bullish towards 1.33!!!!
Stop is not wide and entry points you can use in chart... there is strength in Dollar but gbp will remain resilient!!!!
Below is setup i shared
I shared my buy setup on monday and it is working exactly as per its old chart patterns.. so now what?
On 4hr it has taken out resistance trendline and now trading in channel.. As far as now low of 1.287 holds.. I am bullish towards 1.33!!!!
Stop is not wide and entry points you can use in chart... there is strength in Dollar but gbp will remain resilient!!!!
Below is setup i shared
Note
It needs to crack 1.305 for upside... remaining below 1.305 can bring it down 1.294...Note
another possibility.. under 200 sma
Note
gu taken out 1.3055 means.. more upside!!!!Note
Gu is providing another 40 to 60 pips!!!!!! Buy with stop 1.30 and targets are 1.3075, 1.3085, 1.309 and 1.31!!!On sell side it is good to sell close to 1.309 towards 1.31 with stop 1.3125 and tp towards 1.3045 and 1.2985.
Both buy and sell are valid!!!!
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Related publications
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.