Get started
UnknownUnicorn649086

Good RRR: Long GBPUSD towards resistance cluster

British Pound / U.S. Dollar (FX:GBPUSD)  
UnknownUnicorn649086  
FX:GBPUSD   British Pound / U.S. Dollar
5
0
Volume analysis on the weekly (see image below) supports this trade on the daily timeframe, targeting an area where resistance clusters with several trendlines and fibonacci retracements.

BUY @ 1.2625-50
STOP @ 1.2465
TARGET @ 1.3140

Use the trendline as a trailing stop

snapshot
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.