GBPUSD daily chart showing sign of reversal after green candle appear after 5th trading day last week. Closing above 1.2950 area.
Reason :
- 4 hourly chart, support at 1.2950 holding firm.
- Possible upside target to 1.3150~1.3200.
- Simple textbook price action in play.
- Reasonable risk reward to long.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.3000 area ; TP : 1.3150 (+150pips) ; SL below previous low.
Risk Reward 1 : 2.0
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- 4 hourly chart, support at 1.2950 holding firm.
- Possible upside target to 1.3150~1.3200.
- Simple textbook price action in play.
- Reasonable risk reward to long.
- Potential to reach next resistance points :
Entry point Long : CMP or any pullback at 1.3000 area ; TP : 1.3150 (+150pips) ; SL below previous low.
Risk Reward 1 : 2.0
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active:
Entered via BUY LIMIT at 1.3010
Trade active:
+104pips profit, move SL to BE.
Secure a risk free trade
Secure a risk free trade
Trade closed: target reached:
Secured the bags!