Tradingwithtamil

GBPUSD: Who will say No for more than 4% Reward?- Bullish.

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

GBPUSD ready to grab the six months old resistance. In a daily time frame, GBPUSD signalling for a throwback formation, As for now, GBPUSD noting its presence @ 1.29685. The 1.32576 ready may offer an instant halt for the price range but some fundamental factors have the power to redirect the trend, on top of that USD strength might pull the market towards 1.31754, that's not an issue. Pound marching with the promising number's. It has a powerful magnetic flux towards 1.29722.
Alternatively, In spite of buyers invade the market has a chance for reversal. In this case, the continues decline after 1.30782, may target the 1.28243.

Signal Specification

Entry@ 1.29685

Tp: 1.36116

Sl: 1.28243

R/R: 4.46

Have a look on the chart and decide your trade.
Happy trading.
Trade closed: stop reached

Related Ideas