linyoulee
Long

Pound where to Go

FX:GBPUSD   Pound Sterling/U.S. Dollar
19 0 0
As we can see from the D1 chart of GBP/USD             Dollar, the market show uncertainty after breaking the 1.58128 resistance. In the H4 chart, as we can see double top had been formed with weakened uptrend impulse. However this situation create a perfect entry confluence for many of the trader. (The circling part which consist of 38.2 retracement, trendline support, and also the key resistance support). We can expect long for the target again to the level of 1.61748 in long term. We can have a narrow stop loss loss at the level of 1.56915, probably giving us a nice 1:3 risk reward ratio. Speculative trend can be attempt.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out