GBP/USD support zone unbroken, 1.24 in sight?
Dear traders, the support zone as highlighted in my chart
has remained unbroken so far. Not only that, we also have a couple
of bullish reversal candlestick patterns including a hammer candlestick
that was formed on 26/10/2023.
So, a combination of these factors can lead to a further recovery
in GBP/USD. Keep in ming that price has already crossed the moving averages
in the lower time frames such as 15 min and 1 Hour
So, as long as the support zone stays unbroken, we can expect GBPUSD
to reach 1.24 in the coming days. My recommendation is to buy the dips
in GBP/USD.
has remained unbroken so far. Not only that, we also have a couple
of bullish reversal candlestick patterns including a hammer candlestick
that was formed on 26/10/2023.
So, a combination of these factors can lead to a further recovery
in GBP/USD. Keep in ming that price has already crossed the moving averages
in the lower time frames such as 15 min and 1 Hour
So, as long as the support zone stays unbroken, we can expect GBPUSD
to reach 1.24 in the coming days. My recommendation is to buy the dips
in GBP/USD.
Comment:
Currently, this idea is in 46 pips profit, and our buy from yesterday at 1.2090 is in 101 pips profit
Comment:
We have another dip, and I have bought a small lot@1.2138
Trade closed: target reached:
Closed@1.2370. Profit : 232 Pips