GBP/USD support zone unbroken, 1.24 in sight?
Dear traders, the support zone as highlighted in my chart
has remained unbroken so far. Not only that, we also have a couple
of bullish reversal candlestick patterns including a hammer candlestick
that was formed on 26/10/2023.
So, a combination of these factors can lead to a further recovery
in GBP/USD. Keep in ming that price has already crossed the moving averages
in the lower time frames such as 15 min and 1 Hour
So, as long as the support zone stays unbroken, we can expect GBPUSD
to reach 1.24 in the coming days. My recommendation is to buy the dips
in GBP/USD.
has remained unbroken so far. Not only that, we also have a couple
of bullish reversal candlestick patterns including a hammer candlestick
that was formed on 26/10/2023.
So, a combination of these factors can lead to a further recovery
in GBP/USD. Keep in ming that price has already crossed the moving averages
in the lower time frames such as 15 min and 1 Hour
So, as long as the support zone stays unbroken, we can expect GBPUSD
to reach 1.24 in the coming days. My recommendation is to buy the dips
in GBP/USD.
Note
Currently, this idea is in 46 pips profit, and our buy from yesterday at 1.2090 is in 101 pips profitNote
We have another dip, and I have bought a small lot@1.2138Trade fermée: cible de profit atteinte
Closed@1.2370. Profit : 232 Pips
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.