🔔🔔GBP/USD news:
➡️ GBP/USD continues its bullish momentum, testing 1.3400 on Monday. The prolonged weakness of the US dollar, amid recession fears due to the US-China trade war and the growing threat to the independence of the Fed, strengthens the pair after the long Holy Week
Personal opinion
➡️ The RSI indicator on the 1-hour chart is falling after entering the extremely overbought zone and showing signs of a short-term decline
➡️ Note: the US-China trade war is the main focus and the Trump-Fed relationship. It is necessary to follow these 2 major news to grasp the trading trend at this time
➡️ Analysis based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3480 - 1.3500
❌SL: 1.3530 | ✅TP: 1.3430 – 1.3370
👉Buy Gold 1.3315- 1.3300
❌SL: 1.3270| ✅TP: 1.3370 – 1.3430
FM wishes you a successful trading day 💰💰💰
➡️ GBP/USD continues its bullish momentum, testing 1.3400 on Monday. The prolonged weakness of the US dollar, amid recession fears due to the US-China trade war and the growing threat to the independence of the Fed, strengthens the pair after the long Holy Week
Personal opinion
➡️ The RSI indicator on the 1-hour chart is falling after entering the extremely overbought zone and showing signs of a short-term decline
➡️ Note: the US-China trade war is the main focus and the Trump-Fed relationship. It is necessary to follow these 2 major news to grasp the trading trend at this time
➡️ Analysis based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3480 - 1.3500
❌SL: 1.3530 | ✅TP: 1.3430 – 1.3370
👉Buy Gold 1.3315- 1.3300
❌SL: 1.3270| ✅TP: 1.3370 – 1.3430
FM wishes you a successful trading day 💰💰💰
Trade active
Market is sideways, wait for US session
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.