Where can you buy GBP/USD? How about 1.3550?
Overview- GBP/USD is currently witnessing a big correction after touching yearly
highs at 1.4240. However, is there a case for the buyers? Let us analyze and take a look at
a possible buy set-up.
Analysis - From the chart, you can see that price has formed a bearish flag
on the daily chart, which has a high probability of breaking down. So, if that happens
and price drops to 1.3550 level, which happens to coincide with the 100-day moving average,
there might be a chance for the buyers.
Probable trade set-up - Based on the above analysis, if price drops to 1.3550 level
and bullish price action is seen, buying GBP/USD@1.3550-1.3620 with SL below 1.35 and TP
at 1.38, 1.40 respectively is a pretty good idea.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
highs at 1.4240. However, is there a case for the buyers? Let us analyze and take a look at
a possible buy set-up.
Analysis - From the chart, you can see that price has formed a bearish flag
on the daily chart, which has a high probability of breaking down. So, if that happens
and price drops to 1.3550 level, which happens to coincide with the 100-day moving average,
there might be a chance for the buyers.
Probable trade set-up - Based on the above analysis, if price drops to 1.3550 level
and bullish price action is seen, buying GBP/USD@1.3550-1.3620 with SL below 1.35 and TP
at 1.38, 1.40 respectively is a pretty good idea.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.