#GBPUSD 4H | #Swing trade
The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks.
Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the short-term at least).
:newspaper: Fundamentals to look out for:
- U.S. CB Consumer Confidence
- U.S. New Home Sales
- U.S. Core Durable Goods Orders MoM
- U.S. Gross Domestic Product (GDP) QoQ
- U.S. Initial Jobless Claims
- U.S. Pending Home Sales MoM
- U.S. Crude Oil Inventories
Risk ONLY: 2-3%
Good Luck!
The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks.
Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the short-term at least).
:newspaper: Fundamentals to look out for:
- U.S. CB Consumer Confidence
- U.S. New Home Sales
- U.S. Core Durable Goods Orders MoM
- U.S. Gross Domestic Product (GDP) QoQ
- U.S. Initial Jobless Claims
- U.S. Pending Home Sales MoM
- U.S. Crude Oil Inventories
Risk ONLY: 2-3%
Good Luck!
Trade active
Trade closed: target reached
Target 2 SMASHED (140 pips)Note
After GBPUSD hit Target 2 TO THE EXACT POINT, the price is currently retesting the support area, and we are expecting #GBPUSD to go up again to hit our Target 3.Note
For the people who are waiting, Extended Target 3 is now invalid.Congrats if you took this trade, ~120+ pips when Target 2 hit.
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Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.
Free Discord: discord.gg/HpF9uG35Zs
Instagram: @UncleBullGroup
Website: unclebullgroup.com
Instagram: @UncleBullGroup
Website: unclebullgroup.com
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.