GBPUSD Sounds a good buy opportunity!
Based on the chart, we can found a very good market range since about 26 days ago! So we should have a good strong support and resistance which took price among them. An now price is on the support zone and remember before this ranging market, we had a good uptrend movement!
So I opened a buy position at this support area and will hold it until it reaches to the specified areas on the chart which can provide me a reasonable risk reward ratio(about 1:3.5)
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!
So I opened a buy position at this support area and will hold it until it reaches to the specified areas on the chart which can provide me a reasonable risk reward ratio(about 1:3.5)
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!
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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.
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.