Based on daily charts, the price can fall further down to area 1.24800 as demand or buying zone.
We need to wait to close daily candle in area zones 1.24800 and 1.25000 area. If a daily candle is closed in this area, we can buy it.
Entry points 1.24900
Stop loss 1.24250
TP1 1.26760
TP2 1.27800
We need to wait to close daily candle in area zones 1.24800 and 1.25000 area. If a daily candle is closed in this area, we can buy it.
Entry points 1.24900
Stop loss 1.24250
TP1 1.26760
TP2 1.27800
Note
I am entering in trade 1.25250.Note
Fundamental analysis that could affect the price movements are the followingFriday
GDP for pound
Consumer Sentiment for the US dollar.
Trade closed: stop reached
Hit stop loss
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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.