TraderAvDM
Long

GBPUSD at DEMAND ZONE: Possible BIG BUY

FX:GBPUSD   British Pound / U.S. Dollar
We have seen a persistent weakness in GBPUSD for the last 2 months due to Brexit related jitters. I believe markets have priced in a NO DEAL scenario for Brexit which is why GBPUSD is now consolidating at the demand zone .
That being said, any kind of positive development in UK politics will surely push the Pound higher versus its counterparts.
GBPUSD is now at a STRONG DEMAND ZONE . In the previous occasion, GU has made a very strong recovery from this area.
Yesterday's daily candle looks promising as well.
If price doesn't break the 1.24500 area, Traders can look for BUYs between 1.2490-1.2550 area with SL below 1.2410.
TPs can be set at 1.2750, 1.2930, 1.3080 and 1.3400 respectively. This is a long-term set-up of course.

But even now, this set-up is relevant.
Comment: Trade running in +74 pips profit
Comment: Taking partial profit now with +140 pips as price is struggling at 4H Resistance
MY TELEGRAM CHANNEL|FREE SIGNALS https://t.me/AvDMFx

COPY MY Trades : https://www.forextime.com/strategy/CopyTradeAvDMFx
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out