GPBUSD Trade Idea 0703 (Day Trade & Swing Trade)
DXY strengthened resulted most of the XXXUSD fall into fresh monthly low due to highly uncertain in the recent world agenda. The bullish on USD was further boosted upon on the released of the Non-Farm Payroll report of which has an outperform figure at 678k actual VS 407k forecast. This figure may put the FED in the position on the rate hike in an aggressive move.
Suggested entry: 1.3210; SL 1.3250, TP 1.3120
Daily resistant at 1.3250, 1.3290
Daily support at 1.3190, 1.3150
Suggested entry 1.3210 and keep it short term trade and split lot size with one day trade setup and another swing setup.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis, you are suggested to have your own analysis where SL/TP that you find is appropriate.
2)Trade at your own risk with proper lot sizing and follow your own trading plan.
3)Risk management is always be the top priority.
Suggested entry: 1.3210; SL 1.3250, TP 1.3120
Daily resistant at 1.3250, 1.3290
Daily support at 1.3190, 1.3150
Suggested entry 1.3210 and keep it short term trade and split lot size with one day trade setup and another swing setup.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis, you are suggested to have your own analysis where SL/TP that you find is appropriate.
2)Trade at your own risk with proper lot sizing and follow your own trading plan.
3)Risk management is always be the top priority.