Livre sterling / Dollar américainMis à jour GBPUSD Trade Idea
In yesterday's analysis, I discussed about a potential drop from the 1.3740 - 1.3750 key resistance zone, which was exactly what the market performed. But during the NY session, GU found buyers pushing price through the 1.3750 key resistance creating a new high. In today's trading session, I will be looking for short-term buying opportunities. There are two setups that I am looking at
1. Some sort of exhaustion pattern (Eg. Flag, pennant, 1st pullback rule, etc) before the continuation towards the upside with 1.3840 as the target zone
2. 1.3750 serves as a key support zone now, I will be looking for retracement entries if price pullback towards the zone
As GU has now created a new high, breaking above multi-year highs as well (1.3480), avoid going against the bull trend in the long-term.
Trade safe.
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1. Some sort of exhaustion pattern (Eg. Flag, pennant, 1st pullback rule, etc) before the continuation towards the upside with 1.3840 as the target zone
2. 1.3750 serves as a key support zone now, I will be looking for retracement entries if price pullback towards the zone
As GU has now created a new high, breaking above multi-year highs as well (1.3480), avoid going against the bull trend in the long-term.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Note
Previous analysis
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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.