GBPUSD Long
CMP: 1.22969
The sterling has had a large pullback resulting in a previous daily candle closure for that of a doji or bullish pinbar. We can expect price to move away from the 1.22 psychological level and the 61.8% fib retracement towards the next weekly resistance and -27.2% fib level at 1.27500. My ideal entry, stop loss and take profit points are shown with the long position tool.
This analysis is for educational purposes only.
The sterling has had a large pullback resulting in a previous daily candle closure for that of a doji or bullish pinbar. We can expect price to move away from the 1.22 psychological level and the 61.8% fib retracement towards the next weekly resistance and -27.2% fib level at 1.27500. My ideal entry, stop loss and take profit points are shown with the long position tool.
This analysis is for educational purposes only.
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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.