GBPUSD technically shows us a good chance to start buying it.
It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high.
Plan A: we but today before the market closes then we watch the market how bullish orientated it is.
Stop-loss: 1.28336
Take-Profit: 1.36497
Profit ratio: 2.64
Plan B: in the case we see further weakness of USD we need to be ready to terminate position and wait another low.
For more ideas visit: mercuriusam.wordpress.com
It forms a divergency, it's candles show that bears quite weak about sending it lower, and so we consider long could have chances to go up to a very long channels high.
Plan A: we but today before the market closes then we watch the market how bullish orientated it is.
Stop-loss: 1.28336
Take-Profit: 1.36497
Profit ratio: 2.64
Plan B: in the case we see further weakness of USD we need to be ready to terminate position and wait another low.
For more ideas visit: mercuriusam.wordpress.com
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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.