GBPUSD Price : 1.2447
Trend : down ( Due to the down channel on Daily chart )
Transaction: Buy
Reason : we believe that the current trend is down trend on Daily, but here is the reasons to expect some correction on prices :
1 - The price has reached to the the support ( Descending channel trendline ) , which acts as a support level for the price on daily time, that pushed the prices up two times in the past as showing clearly on the chart.
2 - Prices reached to support level on H1 that pushed the prices up yesterday
3 - Stochastic gave clear positive divergence signal on H1 time frame
Technical analysis failure at level : 1.23600
Technical analysis success at level : TP1 : 1.2485 - TP2 : 1.2580
Note : we are here on Buy position, which is against the down trend and consider it as a high risk transaction, so I advise to set the stop loss and have some commitment about it.
Trend : down ( Due to the down channel on Daily chart )
Transaction: Buy
Reason : we believe that the current trend is down trend on Daily, but here is the reasons to expect some correction on prices :
1 - The price has reached to the the support ( Descending channel trendline ) , which acts as a support level for the price on daily time, that pushed the prices up two times in the past as showing clearly on the chart.
2 - Prices reached to support level on H1 that pushed the prices up yesterday
3 - Stochastic gave clear positive divergence signal on H1 time frame
Technical analysis failure at level : 1.23600
Technical analysis success at level : TP1 : 1.2485 - TP2 : 1.2580
Note : we are here on Buy position, which is against the down trend and consider it as a high risk transaction, so I advise to set the stop loss and have some commitment about it.
Trade fermée: cible de profit atteinte
Price reached to the first target at 1.248450 and the price crashed with very hard resistance there, as we can see the prices reached to that level twice ( orange line on the chart ) then the resistance pushed the price down again .Is the pair ready to break it out and complete to the second target mentioned above ? lets see
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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.