GBPUSD. Potential long opportunity.
We believe that GBPUSD could continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 1.33223. We are looking for breaks of 1.33493 and 1.33813 which would confirm our target 1.34228 where our TP is sitting at (top of the consolidation area). Our SL is sitting at 1.32712 and if broken, it would result in deeper pullbacks down to 1.32600 - 1.32200.
On the other hand, we might make the most out of it by trading the break below to the targhets mentioned above. Stay adaptive!
PARAMETERS
- Entry: 1.33223
- SL: 1.32712
- TP: 1.34228
KEY NOTES
- GBPUSD has fallen to our PBA.
- Break above 1.33493 and 1.33813 would confirm higher highs.
- Break below our SL would result in deeper pullbacks.
- We are moving in a consolidation
Happy trading!
FxPocket
We believe that GBPUSD could continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 1.33223. We are looking for breaks of 1.33493 and 1.33813 which would confirm our target 1.34228 where our TP is sitting at (top of the consolidation area). Our SL is sitting at 1.32712 and if broken, it would result in deeper pullbacks down to 1.32600 - 1.32200.
On the other hand, we might make the most out of it by trading the break below to the targhets mentioned above. Stay adaptive!
PARAMETERS
- Entry: 1.33223
- SL: 1.32712
- TP: 1.34228
KEY NOTES
- GBPUSD has fallen to our PBA.
- Break above 1.33493 and 1.33813 would confirm higher highs.
- Break below our SL would result in deeper pullbacks.
- We are moving in a consolidation
Happy trading!
FxPocket
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.
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.