selfrighteousgambler

USDGBP POTENTIAL LONG MOVE @~0.6645

Long
FX_IDC:USDGBP   U.S. Dollar / Pound Sterling
The US Dollar has rallied strongly against the Sterling in March.

There is a sense that the dollar is over-stretched and might see a correction.

This is a longer-term trade and supposing this pair falls away in price from the current high, a possible area to buy is the demand zone @~0.66450.

Any move from here may see a bullish extension to ~0.70000.

Potential stop loss @~0.66000

Reward: 7XRisk

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.