GBPUSD TRADE COMING WEEK
Updated
GBPUSD pair traded last week making high at 1.3476 and low on Friday at 1.3132 closed the week at 1.32178 keeping in view price pattern of last week
the pair faced selling pressure. In previous analysis market followed and respected the trend line however closing below the trend line on H4, we can say market has entered
into bearish market for the time being until British and European authorities reach onto some deal on brexit.
for coming week i will be looking for selling opportunities with tight stop loss
Selling area will be 1.3260-1.3290 range with ist target of 1.3060 range and break below 1.3060 will open ways for 1.2950
Disclaimer : This is not trading tip, opening position on these analysis will be purely yours decision, writer shall not be responsible for any losses occurred while executing this trade plan.
the pair faced selling pressure. In previous analysis market followed and respected the trend line however closing below the trend line on H4, we can say market has entered
into bearish market for the time being until British and European authorities reach onto some deal on brexit.
for coming week i will be looking for selling opportunities with tight stop loss
Selling area will be 1.3260-1.3290 range with ist target of 1.3060 range and break below 1.3060 will open ways for 1.2950
Disclaimer : This is not trading tip, opening position on these analysis will be purely yours decision, writer shall not be responsible for any losses occurred while executing this trade plan.
Note
ON Monday If H4 closes above 1.3295 i will be buying the pair till 1.3450Order cancelled
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