GBPUSD | 38 YRS OLD SUPPORT COMING
GBPUSD continues the strong bearish trend and is about to test 38 YRS OLD MAJOR SUPPORT with high momentum monthly candle. Increased FED interest rates, stronger USD and weaker GBP momentum gives a high probability to break this support and reach the second phycological support of 1.00000
Plan: Considering the recent increase in FED interest rates, stronger USD and weaker stock market positions, high momentum of trend for months, trade plan can be as follow:
SL: 1.11250
Entry: 1.06800
TP: 1.00250
Plan: Considering the recent increase in FED interest rates, stronger USD and weaker stock market positions, high momentum of trend for months, trade plan can be as follow:
SL: 1.11250
Entry: 1.06800
TP: 1.00250
Note
Sorry thats SL TP1 and TP2 only (not the ENTRY)
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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.