Abhigyan222

GBPUSD LONG AS PER MY ANALYSIS

Long
FX:GBPUSD   British Pound / U.S. Dollar
FIRST AND FOREMOST, THIS WAS MY FIRST PUBLISHING AN IDEA. BE SURE TO GIVE IT A LIKE. AND NOW COMES TO MY ANALYSIS, AS PER THE NFP GOES WHICH TURN OUT TO BE VERY BAD FOR US DOLLAR BECAUSE PREVIOUS MONTH WHICH WAS ON FEBRUARY 311K WHICH IS VERY VERY GOOD FOR US DOLLAR AND THIS MONTH FORECAST WAS 180K AND IT TURNS OUT 20K WHICH IS REALLY REALLY BAD CONSIDERING PREVIOUS RESULT AND NO NEARER TO FORECASTED RESULT. AS PER TECHNICAL ANALYSIS GBPUSD, USD IS GETTING STRONG FROM PREVIOUS MONTH TILL MARCH NFP AND NOW I THINK GBP WILL BE VERY STRONG AGAINST USD AND IF WE SEE IN THE CHARTS YOU WILL SEE IN DAILY WAS THAT THERE AS VERY GOOD SUPPORT AND AS PER TREND LINE ALSO, MAYBE A LITTLE BIT OF DOWNSIDE FOR 4 TO 6 HOURS AFTER MARKET OPEN AFTER THAT I DON'T THINK IT WILL GO DOWN ANY FUTHER IF NEWS POP UP IT WILL GO AGAINST US ALSO. AS PER PLACING ORDER I CONSIDER TO GO LONG FROM AROUND 1.29942 AND FIRST PROFIT TAKING TARGET WILL BE AROUND 1.32570, SECOND 1.33917, THIRD 1.34756 AND STOP LOSS WILL BE AROUND 1.29661. AND IF WE SEE RISK TO REWARD IT WILL BE 1:16.88, WHICH IS REALLY VERY GOOD. AND DON'T FORGET TO PUT THE SL IN TP IF FIRST TP HIT TRAIL THE SL IT WILL SECURE THE PROFIT IF TP 2 OR TP 3 DIDN'T HIT. DON'T FORGET GUYS TO DO THAT. AND PLEASE SEE THE NEWS THERE ARE 8 RED ALERT USD NEWS FROM MONDAY TO WEDNESDAY AND 4 RED ALERT GBP NEWS, VERY VOLATILE AND NEWS CAN CHANGE WHOLE TREND IN WHICH GBPUSD IS ON UPTREND AND MAKING HIGHER HIGH AND HIGHER LOW. DON'T FORGET TO SEE THE NEWS. I HOPE YOU WILL DO WELL NEXT WEEK. I WILL LINK THE DAILY AND 4HR LY CHARTS ANALYSED BY ME. I'M SIGNING OFF PEACE. SEE YOU NEXT TIME.
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