GBPUSD 1.25461 +0.45% LONG IDEA
Updated
GOOD DAY EVERYONE
HERE'S A LONG IDEA ON THE GBPUSD PAIR..
> DAILYFX
MARKET SENTIMENT ANALYSIS:
Trader confidence is high on hopes of a swift and strong economic recovery after the damage caused by the coronavirus pandemic.
However, they may have underestimated the importance of the turmoil on US streets and ongoing US-China trade tensions.
> GBP/USD is heading for its fifth consecutive session of gains, breaking convincingly above the 1.25 level, reaching its highest level since May 1 and rising above the resistance line of a symmetrical triangle chart pattern in place since March 19. This all implies further gains for the pair despite the turmoil in the US and the ongoing tensions between the US and China.
dailyfx.com/forex/market_alert/2020/06/02/British-Pound-GBP-Latest-Break-Higher-in-GBPUSD-Improves-Outlook-MSE.html
RISK-MANAGEMENT
FOLLOW YOUR ENTRY RULES
PERIOD - SWING
HERE'S A LONG IDEA ON THE GBPUSD PAIR..
> DAILYFX
MARKET SENTIMENT ANALYSIS:
Trader confidence is high on hopes of a swift and strong economic recovery after the damage caused by the coronavirus pandemic.
However, they may have underestimated the importance of the turmoil on US streets and ongoing US-China trade tensions.
> GBP/USD is heading for its fifth consecutive session of gains, breaking convincingly above the 1.25 level, reaching its highest level since May 1 and rising above the resistance line of a symmetrical triangle chart pattern in place since March 19. This all implies further gains for the pair despite the turmoil in the US and the ongoing tensions between the US and China.
dailyfx.com/forex/market_alert/2020/06/02/British-Pound-GBP-Latest-Break-Higher-in-GBPUSD-Improves-Outlook-MSE.html
RISK-MANAGEMENT
FOLLOW YOUR ENTRY RULES
PERIOD - SWING
Trade closed: target reached
target 2 was hit then rallied down in a descending channel
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