Price rallied yesterday but hit strong resistance. Expecting a pullback for today. You can either trade the pullback or wait for pullback to go long.
I will look for longs above 1.3148, targeting 1.3176, 1.3232. 1.3324 will be strong resistance but if 1.3376 trades today, I will sell it with low risk.
Below 1.3130, trading the pullback to short to 1.3054 as 1st target. Break of that should see 1.3024, 1.3006 trade.1.295 will cap low of day for low risk buy
I will look for longs above 1.3148, targeting 1.3176, 1.3232. 1.3324 will be strong resistance but if 1.3376 trades today, I will sell it with low risk.
Below 1.3130, trading the pullback to short to 1.3054 as 1st target. Break of that should see 1.3024, 1.3006 trade.1.295 will cap low of day for low risk buy
Note
Where did GBPUSD stop before a 30 pips dump? 1.3148 to the pipNote
1.3086 is an immediate S. Need to break for further down
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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.