Where can you buy GBP/USD? How about 1.3550?
Overview- GBP/USD is currently witnessing a big correction after touching yearly
highs at 1.4240. However, is there a case for the buyers? Let us analyze and take a look at
a possible buy set-up.
Analysis - From the chart, you can see that price has formed a bearish flag
on the daily chart, which has a high probability of breaking down. So, if that happens
and price drops to 1.3550 level, which happens to coincide with the 100-day moving average,
there might be a chance for the buyers.
Probable trade set-up - Based on the above analysis, if price drops to 1.3550 level
and bullish price action is seen, buying GBP/USD@1.3550-1.3620 with SL below 1.35 and TP
at 1.38, 1.40 respectively is a pretty good idea.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
highs at 1.4240. However, is there a case for the buyers? Let us analyze and take a look at
a possible buy set-up.
Analysis - From the chart, you can see that price has formed a bearish flag
on the daily chart, which has a high probability of breaking down. So, if that happens
and price drops to 1.3550 level, which happens to coincide with the 100-day moving average,
there might be a chance for the buyers.
Probable trade set-up - Based on the above analysis, if price drops to 1.3550 level
and bullish price action is seen, buying GBP/USD@1.3550-1.3620 with SL below 1.35 and TP
at 1.38, 1.40 respectively is a pretty good idea.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.