TheHitman

GBPUSD to bounce of 1.3

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hi Traders

I expect GBPUSD to bounce of the psychological level of 1.3 as it also acted as an important level before. Also Hitman is still bullish and the break of the level is was pretty strong. For complete confirmation of the idea I suggest watching price action on lower timeframes like the 4h but I guess it could also be played without that. Potential target is 1.325 a level that acted as resistance on the weekly timeframe. As this would be quite a big move I would also suggest some active management like taking profits and moving Stopp Loss into profits etc.

The Hitman Profit From Trading Alerts

Website for paid options: thehitman.io

Like us on Facebook: bit.ly/36mqamQ

Follow On Twitter: bit.ly/2GnZgAe and bit.ly/3zTH1ha

Free Telegram Chat: bit.ly/2RqIuqH
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.