GBPUSD Intended to take a U turn from bearish to bullish
Hellow traders: I have evaluated GBPUSD. I am going to share my observations and thoughts as under. Pair has broken the bearish trend line, as well as came out of falling wedge pattern. Regular bullish divergence on RSI shows that the pair is preparing to take off for a bullish run. I will enter in long trade at level of 1.32098, my target areas are 1.32878, 1.33335 and 1.33705. I will reconsider if pair goes on bullish with good momentum. My ultimate target area is 1.35088. I will consider Trade idea invalidated when market will break the level 1.31601.
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Disclaimer
My Trade Ideas shared in Posts, Videos, or any other format shared on this platform are solely my own thoughts and observations. They should not be considered as an investment advice. Any suppositions, news, research, analysis, prices, or other data discussed about in this post, the author of the post doesn't acknowledge obligation for any misfortune or financial loss. Every trader should follow his/her own trading discipline and Strategies and should do their own
research and analysis before entering a trade.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Welcome Note
You are all welcome to share your thoughts, charts and trade ideas. If you have any question related to my trade ideas please comment below and I will fully responsive to you at my level best.
Like and Share
If you like this trade idea, found it educational and helping then please hit the like button. You may share this trade idea to your friends, relatives and even to your enemies.
Disclaimer
My Trade Ideas shared in Posts, Videos, or any other format shared on this platform are solely my own thoughts and observations. They should not be considered as an investment advice. Any suppositions, news, research, analysis, prices, or other data discussed about in this post, the author of the post doesn't acknowledge obligation for any misfortune or financial loss. Every trader should follow his/her own trading discipline and Strategies and should do their own
research and analysis before entering a trade.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Trade closed: target reached