Carlos44

CONTINUATION ON GU LOOKING AT BUYS FROM 1.39600 OR THE 1.39100

Long
FX:GBPUSD   British Pound / U.S. Dollar
Looking at buying gu from a much better price like last week we predicted that price would come into the region of 1.38250-1.38300 and we was spot on once again this week I am looking for a similar setup this week I will be looking at two buy orders from 2 zones we have only been bullish so much we can only keep going up my target is 1.44 which is previous monthly highs back in 2018. There is no previous resistance between now and then so my view will be bullish until then

BUY LIMIT 1 - 1.39600 region
- 38.2%
- S1
- A better price but not the best - intraday (Monday only)
- previous structure (15min)

BUY LIMIT 2 - 1.39100-1.39150
- 61.8%
- S2
- The best price you can buy from (intraday)
- Lower G2
- MA's looking bullish
- Trend line

My target for this trade is around 1.40800 lets see how this one plays out this is around +100pips plus so wait for rejection then enter these trades.

No previous structure has been broken so I'm still longterm bullish



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.