GBP/USD - British Pound Dollar
Short term (Intraday)
1,9875. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The target is expected at 2,0000. The price should find a resistance below 1,9900.
=> We could take a long position at 1,9875. We will put the stop loss below 1,9840 (-35 pips). The targets are 1,9910 (+35 pips) 1,9950 (+75 pips) 2,0000 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
*p/s - my personal trading is ive opened a long at 1.9878 and my take profit at 1.9918 and my stop lost at 1.9840.. if my position is about 20 pips, i will just trail and close at min 20pips. As recent market, the price has rise up very high, anyway the trend is still uptrend, i just open 5% from my trading desk to manage my risk..
All the best!!
=> We could take a long position at 1,9875. We will put the stop loss below 1,9840 (-35 pips). The targets are 1,9910 (+35 pips) 1,9950 (+75 pips) 2,0000 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
*p/s - my personal trading is ive opened a long at 1.9878 and my take profit at 1.9918 and my stop lost at 1.9840.. if my position is about 20 pips, i will just trail and close at min 20pips. As recent market, the price has rise up very high, anyway the trend is still uptrend, i just open 5% from my trading desk to manage my risk..
All the best!!
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