ForecastCity
Long

GBPUSD Intraday Forecast

FX:GBPUSD   British Pound / U.S. Dollar
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2195.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.227.
TP4: R2=1.23.
Set the stoploss of these orders at breakout of S2=1.2175.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2175.
In this situation, there is an expectation to reach the target S3=1.2085.
Set the stoploss of reverse orders at breakout of S1=1.2195.

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Great TA and intraday forecast.
+1 Reply
@fxniki, Thanks for your comment on this post.
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Appreciated your content, in the end we are all students of the market and learning constantly from it
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, yes, that's true. we are all students learning every day
+1 Reply
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
+2 Reply
ForecastCity Alexander_007
@Alexander_007, your'e welcome.
+1 Reply
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