British Pound / U.S. Dollar discussion
GBPUSD "Welcome to SkyTradingZone "
Hello Everyone 👋
Support Levels:
S1: 1.3043
S2: 1.2664
S3: 1.2298
Resistance Levels:
R1: 1.3265
R2: 1.3409
GBPUSD Anyone Join With Me
GBPUSD tradingview.com/x/KPppKyOe/Great Long setup for GBP/USD as the overall market structure is bullish for past few weeks and not 1week back it showed some correction to the fib 0.5 to 0.618 golden region and it showed great support there from here the market will continue tis bull rally to the fib extension 1.618 area thus great trade to be in it.
this is purely based on technical analysis and i had not considered any news events and other global factor in it. the target is based on the fib extension tool but it is a big target so this trade could take more than 1 week to achieve but the risk reward is really great 1:4 as i had set my stoploss below the golden region and 100 ema.
hope you could also see and understand the setup and be the part of this magnificent trading setup. In image you could also see a trade take past few days earlier in which market has to come to golden region support to continue its bull rally thus taken short position 1:3 risk reward trade and achieved within the week.
i believe in trade setups which are 1-day timeframe or 4-hour or 1-hour minimum, as i am not a day trader i am a swing trader and this is the swing setup.
i hope you understand the setup and the logic behind this trade and you could do more research and also able to grab this opportunity.
GBPUSD
GBPUSD Every Top Sell GBPUSD and in the evening Waterfall, Today is CPI, Manage your Risk ManagementGBPUSD Sell Sell Sell Today is waterfall 😀,1.28000 to 1.28500 Sell Sell Sell
GBPUSD GBPUSD 50 Pips trade
GBPUSD WaitingEveryone is waiting for news to move the price
So I will also stay out of GU today.
Wait for the price to react to see if the trend continues to increase or decrease
then there will be a clearer decision.
GBPUSD market up side
GBPUSD See Liquidity taken now selling