LONG GBPUSD
Updated
LONG 1.3275 or NOW
SL: 1.3070 (205p)
TP: 1.3480 (205p)
MACD crossed & rebound on long term rise.
SL: 1.3070 (205p)
TP: 1.3480 (205p)
MACD crossed & rebound on long term rise.
Note
2 support lines converging = strong support & SL is lower than the SL. On the other end, TP is set higher than 12 months S/R line, which might face strong resistance.I would bet on it only for 1 thing the trend is on up trend since March 2017, MACD crossed 2 times below ZERO level before this and once touched around 0.0030 - 0.0040 and it rebounded back and scored if we LONG.
Unfortunately I missed those 2 times.
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.