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GBPUSD H1 Chart Overview and Trade Opportunities

GBPUSD H1 Chart Overview and Trade Opportunities

The pair completed Bullish Gartley M30 Chart and Bullish AB=CD M15 chart at 1.26800

1.26600 is strong support.

Long Trade Idea with a good risk-reward ratio:

Trade: LOng

Entry: 1.26800

Stop: Below Support 1.26600

Target 1: 1.27000

Target 2: 1.27250

Target 3: 1.27650

Note: For the safe entry, you can wait for the breakout of 1.27200 to long.

If the long trade does not work and price breaks down the 1.26600 support:

Short @ 1.27600

Target Levels: 1.26490 1.26350 1.26020 / Reached 

This is just an intraday trade setup. Medium-term setup and forecast will be published today.

Update: Target Reached Trade Closed 60 pips

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

 

 

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Ercu Kartas

Treasury Department Dealer Technical Analyst FX Trader

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