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Longgbpusd

LONG GBPUSDGBPUSD has formed a symmetrical triangle up chart pattern and has created a new resistance area at 1.16423. And now GBPUSD is being corrected in the support area of the old resistance. And there is a possibility that GBPUSD will continue rising and create a new resusgance area at 1.16845 👍 So now I'm going to open a trade: BUY GBPUSD in the area of 1.14837 Take profit 1: 1.15660 Take profit 2: 1.16243 Stop Loss : 1.14178 ️ This analysis does not 100% guarantee profits, this analysis can be wrong and it can happen right. Because the market cannot be analyzed 100% correctly. The profits and risks are borne by each of you #disclaimeroN #daytrader #gbpusd
Long
by Forexcandlestars
GBP/USD. It's time for pound to gain the weight.The GBP/USD has been falling for a month now and globally since last summer. The decline in the pound led to its strong oversold. There are bullish divergences on the charts of different timeframes. We think it's time to buy the pound against the US dollar. The divergence signals of H1 and H4 charts suggest an upward movement within a few weeks. If the situation goes in this way, the bullish divergence of the weekly chart will form completely and this may stimulate a longer-term growth of the GBP. As the main option, we consider the formation of an Reverse Head-and-Shoulders figure. The first target of growth is the resistance level near 1.33000 (also, 1.33141 is a 1.618 Fibonacci extension of the 1.31943-1.30005 impulse 10-14.03; 1.33220 is a 50% fibo-correction from the decline 1.36435-1.30005 10.02 -14.03). The next target is around 1.33900 (the target of the classic Head-and-Shoulders pattern realisation with the horizontal neckline). How to trade Open long with the first target 1.33000 (close deals whole or partially). In case of partial closing, use a floating stop-loss to protect profits and, depending on the reversal pattern, determine a target level for the complete closing the trade. Set the stop-loss below 1.30000.
Long
by ForbesRatingN1