Get started

Gbpusdbuy

GBPUSD-BUY+++The market also has overextended itself on GBPUSD and it is expected to see good pullback. This is not change of trend, but a correction required to reduce the pressure a bit. For now no change in view, and would be BUYING current 1.2280 and adding below 1.2220. those that went long earlier, carefully add 1.2280 etc. The take profit is suggested @ 1.2637 for first corrective action. Once reached we buy lower again at lower levels, and I will update at the time when it is seen.
Long
by peterbokma
GbpUsd retracement buy- Daily Chart >> Price hit a small demand area at 1.30000 and rose to correct itself back to MAs (weak bullish) - 4Hr Chart >> Price made a Higher high at 1.32974 which made price cross above triple MAs and touched the 200Ma on the 4 hour. Stochs also on the rise. Price constantly testing the 55MA as support and bouncing up (good bullish) - 1hour chart>> Price tested the 200MA on the 1 hour numerous times and was rejected. Price is currently slightly above the 21 MA and going up. I will enter a small buy position on the retracement off of the momentum on the 1 hour chart as this pair is till bearish on the daily. My target is 1.32645 just below the 200MA on the 4 hour chart ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
by Loviss
2