GBPUSD:
Entry @ 1.27368
SL @ 1.26591
TP1 @ 1.28596
Following uptrend on W1 and has bounced from the .382 level indicating impulsive move to negative .618 target. Already broken daily levels of structure and has found additional momentum from 21MA and 50EMA indicating market will not retrace down. Fib timezone suggest TP will be hit at 10:00 on 24/06 at the earliest and on the 26/06 at the latest so trade will only be held for around 3 days with a target of 122 pips
Entry @ 1.27368
SL @ 1.26591
TP1 @ 1.28596
Following uptrend on W1 and has bounced from the .382 level indicating impulsive move to negative .618 target. Already broken daily levels of structure and has found additional momentum from 21MA and 50EMA indicating market will not retrace down. Fib timezone suggest TP will be hit at 10:00 on 24/06 at the earliest and on the 26/06 at the latest so trade will only be held for around 3 days with a target of 122 pips
Note
Last candle at 22:00 on 23/06Note
Entry triggered market is moving up again. Possible pullback to @ 1.27272 level but looking like overall move upwards.
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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.