GBPUSD: Trade within this range

8 Mar 2023

Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound.

Therefore, the current trading strategy is to go long at low levels and short at high levels.

Specific recommendations:

Buy in the 180-183 range and take profit at 1.192-1.196.

Short above 1.196 and take profit near 1.184.

9 Mar 2023

Trade aktif

Approaching the take-profit level, there is currently some resistance at the current position. If you hold too many positions, you can choose to take profit on some and leave some to continue waiting for around 1.192.

9 Mar 2023

Trading ditutup: target tercapai

1.192 has been reached, all can take profit

9 Mar 2023

Catatan

The trade has once again taken profits perfectly and is currently in a state of testing support. If you want to take a short-term risk, you can go short with a profit target near 1.187. However, I would suggest going long after the support has been confirmed, with a target around 1.192-1.198, as long as the support remains effective.