FX:GBPUSD   British Pound / U.S. Dollar
Hello,


One of my ideas is going long on GBPUSD.

The demand zone can be observed on 1H ; 4H and Daily so this information make me to have more trust in this trade.

You can see what happend when price came in this area, most of the time the zone reject the price.

This trade is good only the price will break the 1.23130 area and after that we can set our TP at 1.23552 for more conservative traders and for those with a higher risk appetite we can set the TP at 1.237400.

I recommand you to use the SL at 121.000.

Have a great day !

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.