GBPUSD - Buy for short term and Sell for longer term
Generally, I see
GBPUSD
are under pressure for this week and this pair going to meet with 0,23% Fibonacci and support trendline which is tested for twice.
I set my trading for buying GBPUSD with TP for 93 pips and then I will sell with TP 200 pips. If my setup with sell trade fails I still have about 20 pips in my pocket, so that's okay.
In weekly chart you will see this pair already hit the support trendline and personally I think it will bounce up in to 2,618% Fibonacci, so if all my setup are fails, my 3rd plans are buy this pair @1.28510.
Have a nice trade fellas, and don't forget to use a tight money management.
GBPUSD
are under pressure for this week and this pair going to meet with 0,23% Fibonacci and support trendline which is tested for twice. I set my trading for buying GBPUSD with TP for 93 pips and then I will sell with TP 200 pips. If my setup with sell trade fails I still have about 20 pips in my pocket, so that's okay.
In weekly chart you will see this pair already hit the support trendline and personally I think it will bounce up in to 2,618% Fibonacci, so if all my setup are fails, my 3rd plans are buy this pair @1.28510.
Have a nice trade fellas, and don't forget to use a tight money management.