GU Wave Riders!
GBPUSD is a beautiful pair at the moment. Price has pulled back to a 38.2 fib zone and lower Time Frames are crating seller momentum. Structure is important to analyze before, during, and after your trades. All Technical Analysis and pure structure. Using Fib levels as Take Profits. Enter on pullbacks and your own confirmations.
Most Likely TP @ 1st TP, then re-entering. Not predicting huge amount of pips but intra day setup can easily turn to TP 2 & 3 with momentum.
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Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Most Likely TP @ 1st TP, then re-entering. Not predicting huge amount of pips but intra day setup can easily turn to TP 2 & 3 with momentum.
***************
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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