Near 1.2833 I will open buy if the price will make a pullback
- GBPUSD bounced so many times from that level. We see that market respect that level.
- Near that level will be low risk
- potential reward 1 to 4
The pair is trading on a strong bullish 1D sequence which is supported on a clear Higher Low trend line. The price has just priced a Higher Low (RSI = 52.875, MACD = 0.002, Highs/Lows = 0.0000) and is slowly rebounding. Even though technically a break above the dashed line is expected, our buy has two more moderate targets: 1.83300 and 1.85000.
** If you...
BUY order is triggered after the breakout from the Bull Flag and the breakout is confirmed AFTER the 4H candle close!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
The pair continues to trade inside a strong (RSI = 40.115) and stable (MACD = -0.001, Highs/Lows = -0.0102, B/BP = -0.020) 1D Channel Down. On a 4H basis we have a narrower Channel Down pattern (RSI = 38.913, STOCH = 20.125, Williams = -76.075) that was just rejected (1st sell entry). 1D signals out 1.28820 as the second sell entry (and its Lower High). Our TP is...
The price has crossed into (and naturally/ technically rejected) the long term 4.9427 - 4.9877 Sell Zone on the Monthly Chart (RSI = 50.902, STOCH = 54.497 on mixed MACD = -0.093, Highs/Lows = 0.0464, B/BP = -0.0035). This calls for an optimal sell opportunity with a long term TP = 4.7600. The Buy Zone is illustrated on the dashed green lines for those who wish to...
During the previous trading session, the British Pound has appreciated against the US Dollar to break through most of the technical indicators to end the trading session at 1.2901. On Monday morning, the rate was located between the monthly PP and the 200-hour SMA at the 1.2910 mark.
Most likely, the support level of the 200-hour simple moving average will...