When we see a orange outside bar, we will make definetly make a higher bar for next month.
There is a rejection at 1.2700, after this there will make a lower bar.
Buy till 1.2700 first and after in the long term it can go to around 1.3000.
Have a nice trading mont.
After testing the January 2017th bottom, GBPUSD price break out from the downtrend. Daily candle close with inside bar. At least, British Pound can be try 382 fibo level.
Buy Stop : 1.23556
Stop Loss : 1.21743
Take Profit 1: 1.2583
Take Profit 2: 1.27747
This is not an investment advice. Investment is your own choice.
Here is another Forex Trading Snack!
Yes I know...
But there is significant amount of news risk associated with trading GBP pairs right now, you say.
True! But using calculated risks, there is a great opportunity for an over sized reward for the risk taken in my opinion.
First this pair has completed a double bottom pattern
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Stop Loss : 105.433
TP1 : 107.833
TP2 : 108.733
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