Last week I draw attention to GbpUsd, which is approaching "pandemic" low at 1.14, and the possibility of a reversal from this point.
After a few days of consolidation at this point, yesterday is marked by a bullish pin bar that can be the signal for a reversal.
Buy dips against yesterday's low can be a good strategy and swing traders who target the resistance under 1.18 can also have a 1:3 R: R for a buy trade.
My previous GbpUsd analysis:
After a few days of consolidation at this point, yesterday is marked by a bullish pin bar that can be the signal for a reversal.
Buy dips against yesterday's low can be a good strategy and swing traders who target the resistance under 1.18 can also have a 1:3 R: R for a buy trade.
My previous GbpUsd analysis:
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.