GBPUSD Timeframe: 1D
Direction: Long
Confluences for Trade:
- Gartley Pattern Formation almost completed
- Stochastic Oversold momentum in both (H4 and 1D)
- Gap between 8EMA and 50EMA is quite wide, should narrow back
- Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this.
Suggested Trade:
Entry @ Area of Interest 1.2830 - 1.2930
SL: 1.2969
TP: 1.3111
RR: Approx. 1.97 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Note
Sorry, error in the posting. SL is actually 1.2769. not 1.2969. For both technical chart and description.
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.