GBPUSD has flattened the decline. Potential rebound ahead.
GBPUSD is trading inside a Bullish Megaphone since the April 22nd low.
Typically it bottoms after the price crosses under the MA50 (1d), which it did last week.
Even though the bottom of the Megaphone is a bit lower, R/R suggests that those are solid buy entry levels.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.3670 (the 1.618 Fibonacci extension, where all 3 previous Highs were priced).
Tips:
1. The RSI (1d) has flattened and its MA trend line is approaching. A crossing will confirm the bullish signal.
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Typically it bottoms after the price crosses under the MA50 (1d), which it did last week.
Even though the bottom of the Megaphone is a bit lower, R/R suggests that those are solid buy entry levels.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.3670 (the 1.618 Fibonacci extension, where all 3 previous Highs were priced).
Tips:
1. The RSI (1d) has flattened and its MA trend line is approaching. A crossing will confirm the bullish signal.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.