I was bearish GBPUSD yesterday (tradingview.com/chart/GBPUSD/oX9TgOTN-27092023-GBPUSD/) and market played out exactly in the direction. I was looking for a short off 1.2171; market hit 1.2163 at PZ, and sold down to 1.211 for a good 50 pips fore rebound.
What is it for today? On daily, I would say that price action is nothing bullish but on H4 it looks to be turning. 1.2105 was my target and we hit 1.211 and turned. So IMO today could be an up day. A pullback to 1.2123 will be good for a long to target 1.2171 and 1.2181.
Any further upside will be a bonus.
What is it for today? On daily, I would say that price action is nothing bullish but on H4 it looks to be turning. 1.2105 was my target and we hit 1.211 and turned. So IMO today could be an up day. A pullback to 1.2123 will be good for a long to target 1.2171 and 1.2181.
Any further upside will be a bonus.
Note
GBPUSD hit the buy limit and is up 35pips with a 5 pip drawdown. Nice move.Note
DXY 106.45 is strong support
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.