ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.35697, 1.37264, 1.38078.
Key Support Levels: 1.34280, 1.33964, 1.33587.
Daily Chart:
The price on the higher time frame posted an engulfing bullish pattern showing that the bulls took control of the market and managed to break the bearish channel to the upside. We expect that this would lead for a reversal and a move to the upside.
GBP/USD Medium-Term Trend: Bullish
1-Hr Chart:
On the lower time frame, the price posted a Wyckoff accumulation phase where the buyers managed to move to the upside. We can see higher lows showing that we are in the beginning of a new trend to the upside.
Signal Idea:
Buy Limit Order @ 1.34937
TP 1 @ 1.35782
TP 2 @ 1.37264
Stop Loss @ 1.34769
Trade Safely 🙂
In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.
