British Pound/ GBPUSD Trading Plan for Next Week
I think British Pound is inside a range in bigger timeframe. We are in the support of the range now.
Some bullish confirmation had been made: break of the trendline. This is similar to my EURO Trade ideas
We may see a retest of the trendline, and/or pattern formation in support zone (around yellow dotted line below), hence we can try to limit buy there. Should the support broken, we can try to sell.
Confirmation of bullish bias: Break of the 200 EMA
Manage your risk properly!
Some bullish confirmation had been made: break of the trendline. This is similar to my EURO Trade ideas
We may see a retest of the trendline, and/or pattern formation in support zone (around yellow dotted line below), hence we can try to limit buy there. Should the support broken, we can try to sell.
Confirmation of bullish bias: Break of the 200 EMA
Manage your risk properly!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.