FX:GBPUSD   British Pound/U.S. Dollar
56 0 2
The pair is ranging within a channel slowly moving to the upside with higher highs and higher lows. Bounced of key resistance areas action as support and resistance . The most recent test of the support line formed an candle with long lower wick signalling buying pressure. The dotted line seems like resistance turning support and I believe the pair should move towards the height of the channel. RR isn't great so a bit of a risky set up. Stochastic displaying both lines heading upwards.
Trade closed: target reached: Target reached for 112 pips profit. Happy with set up, simple price action + support and resistance trading.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out