Pound on Rise.
On a longer term perspective the GB Pound has moved from the Pandemic Low of $1.14 , and may proceed towards $1.50 ( based upon a .618 fib extension ) .
The longer term moving averages synced to the upside would suggest staying in a long mode for this pair.
The current 2 SD high on the weekly chart has price being bound at $1.4040.
A trade is suggested , staying in the direction of the longer term trend , for a buy based on the intraday chart.
1. Enter - around 1.3910 ( confluence of 50 MAV and horizontal support)
2. Target - around 1.4040 ( the .118 fib extension past swing high )
3. Stop - around 1.3860 ( low of recent consolidation channel)
4. RR = 2.3 ( Risking 50 pips to make 130) .
The longer term moving averages synced to the upside would suggest staying in a long mode for this pair.
The current 2 SD high on the weekly chart has price being bound at $1.4040.
A trade is suggested , staying in the direction of the longer term trend , for a buy based on the intraday chart.
1. Enter - around 1.3910 ( confluence of 50 MAV and horizontal support)
2. Target - around 1.4040 ( the .118 fib extension past swing high )
3. Stop - around 1.3860 ( low of recent consolidation channel)
4. RR = 2.3 ( Risking 50 pips to make 130) .
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.
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.