Hello everyone!
This is my analysis at this moment for GBPUSD. I have 2 scenarios for buy and sell.
As usual I will wait for price to make its move and I will start looking for LONG trade after 1.24665. Otherwise I will look for SHORT trades below 1.23545.
I have highlighted both Take profit Zones for both scenarios which are 1.25880 for Buy and 1.22093 for Sell.
You can also see 2 converging Blue Lines which I draw to show a bigger scale symmetrical triangle on this pair, in this specific case I expect a double resistance at level 1.25800.
I hope that my analysis help you to Take Profit from the market! Have a great week!
This is my analysis at this moment for GBPUSD. I have 2 scenarios for buy and sell.
As usual I will wait for price to make its move and I will start looking for LONG trade after 1.24665. Otherwise I will look for SHORT trades below 1.23545.
I have highlighted both Take profit Zones for both scenarios which are 1.25880 for Buy and 1.22093 for Sell.
You can also see 2 converging Blue Lines which I draw to show a bigger scale symmetrical triangle on this pair, in this specific case I expect a double resistance at level 1.25800.
I hope that my analysis help you to Take Profit from the market! Have a great week!