GBPUSD - Long ( Potential Swing Trade)
Happy Wednesday Everyone!
I trust everyone is bless.
New potential swing trade for 2/4 - GU
Higher Time Frame Analysis - Lower Time Frame Entry
- Price broke previous daily resistance, now support.(Also weekly support)
- Daily strong bullish trend line.
- As we look to close the first 3M candle for the year, if the markets holds above the support line&trendline, I see price heading towards 1.31 (Previous Yearly resistance candle)
- 50% Fib Retracement
- (Not considered any news events yet - purely analysed from a technical standpoint)
I’ll definitely keep my eye on this and share my thoughts/updates as we approach April.
Please share your own view below.
Happy Trading/Investing :)
God bless
I trust everyone is bless.
New potential swing trade for 2/4 - GU
Higher Time Frame Analysis - Lower Time Frame Entry
- Price broke previous daily resistance, now support.(Also weekly support)
- Daily strong bullish trend line.
- As we look to close the first 3M candle for the year, if the markets holds above the support line&trendline, I see price heading towards 1.31 (Previous Yearly resistance candle)
- 50% Fib Retracement
- (Not considered any news events yet - purely analysed from a technical standpoint)
I’ll definitely keep my eye on this and share my thoughts/updates as we approach April.
Please share your own view below.
Happy Trading/Investing :)
God bless
Trade active
Wow! This trade flew up quickly😅
I unfortunately didn't enter this trade.
I'll look to enter 'Buys' next week depending on the Weekly candle stick pattern.
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