GBPUSD the strong currency fell nose down on brexit, and has been remain in down trend since brexit, now it is gradually trading in upward direction, there is a good buying opportunity to enter long at 1.24124 in this pair with a target of 1.28063 in near term, traders be cautious of breakout downward as the pair doesn't seem too strong to hold the uptrend but...
ENTRY 1.3080
STOP LOSS 1.3070
Target : 1.3403
Leverage : 50
means every one dollor invested gives u control over 50 gbp so if u invest 100 dollors u control 5000 gbp
one pip movement is 50 cents or half dollor.
if SL get hit you loose 50-55 dollors if tp gets hit u gain 165 dollors thats 1: 3 risk reward ratio approx
Currently- If Cable moves above 1.3070-key level -Cable can test 1.3481(1.3478) - previous highs(a-wave-yellow wave) in the form of c?(yellow wave).
The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low.
Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets
Trading Strategy-2: If Cable goes above...
L-S ( Long First Above 1.3091...Short Later Post 1.3020.....or in the zone 1.3180--1.3200.)
GU made a low 1.3021--A fresh Low...I am looking for a corrective recovery in the zone 1.3182-0--1.3200...
Trading Strategy-1: Going Above 1.3091...Longs could be taken for the target zone 1.3180--1.3200...Which will give us 90--100 pips....
Trading Strategy-2: ...
The fall from 1.3364 recent swing high quiet impulsive....as per previous update"GBPUSD...Fall..Fall..Fall)--break of 1.3150 was our short call which has been activated....currently cable is doing sideways & should carry down once current low@1.3110 gets broken...
It should carry atleast till the zone 1.3050--1.3060 -where it will face next hurdle in its larger...
