"GBPUSD Trade Plan: Long Trades with Bullish Divergence!"
Trade Outlook for GBPUSD:
Trade Idea: Long GBPUSD
Trade Call Type: Long (Buy)
Currency Pair: GBPUSD (British Pound / US Dollar)
Entry Rules:
Entry 1: 1.28560 or current market price (CMP)
Entry 2: 1.27843
Support on Daily Time Frame
Support Trendline of Bullish Channel
RSI Bullish Divergence
Take Profit Levels:
Take Profit 1: 1.29108
Take Profit 2: 1.29750
Stop Loss:
1.27371
Risk-Reward Ratio (RRR) and Risk per Trade:
Entry 1: RRR 1:1, Risk 1.00%
Entry 2: RRR 1:4.04, Risk 0.50%
Trade Analysis:
The trade idea suggests a long (buy) position on GBPUSD. The entry is based on the support identified on the Daily Time Frame and the support trendline of a bullish channel. Additionally, the RSI bullish divergence signals potential upward momentum.
Trade Idea: Long GBPUSD
Trade Call Type: Long (Buy)
Currency Pair: GBPUSD (British Pound / US Dollar)
Entry Rules:
Entry 1: 1.28560 or current market price (CMP)
Entry 2: 1.27843
Support on Daily Time Frame
Support Trendline of Bullish Channel
RSI Bullish Divergence
Take Profit Levels:
Take Profit 1: 1.29108
Take Profit 2: 1.29750
Stop Loss:
1.27371
Risk-Reward Ratio (RRR) and Risk per Trade:
Entry 1: RRR 1:1, Risk 1.00%
Entry 2: RRR 1:4.04, Risk 0.50%
Trade Analysis:
The trade idea suggests a long (buy) position on GBPUSD. The entry is based on the support identified on the Daily Time Frame and the support trendline of a bullish channel. Additionally, the RSI bullish divergence signals potential upward momentum.