GBPUSD more upside expected above 1.3153
Mis à jour
Market Phase: The current situation in the cable is still Up-Trend [Series of HH & HL]
Last Action: The last significant move in the gbpusd is a Higher High created above the previous Higher high [1.31769].
The truth about the trending market:
- A trend will continue in the same direction for as long as possible
- A trend will not change easily
- A move in the opposite direction of the trend is an opportunity to trade in the direction of the trend
- A trend will only change after a STRUCTURAL FAILURE.
Trade Approach & Execution:
Price has retraced to the 37.5% of the last action [Low - High], We have now seen participation at this level.
Buy GBPUSD; When 1hr Candle Closes above 1.3153 [BML50]
Stop Loss: 1.3120 [MML Below]
Target1: 1.34210 Fibonacci Target1{23.6%}
Target2: 1.35970 Fibonacci Target2{61.8%}
....................................
Trade with care.
Last Action: The last significant move in the gbpusd is a Higher High created above the previous Higher high [1.31769].
The truth about the trending market:
- A trend will continue in the same direction for as long as possible
- A trend will not change easily
- A move in the opposite direction of the trend is an opportunity to trade in the direction of the trend
- A trend will only change after a STRUCTURAL FAILURE.
Trade Approach & Execution:
Price has retraced to the 37.5% of the last action [Low - High], We have now seen participation at this level.
Buy GBPUSD; When 1hr Candle Closes above 1.3153 [BML50]
Stop Loss: 1.3120 [MML Below]
Target1: 1.34210 Fibonacci Target1{23.6%}
Target2: 1.35970 Fibonacci Target2{61.8%}
....................................
Trade with care.
Note
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.