Breakout Patterns PremiumClosed TradesCurrenciesCurrencies ForecastCurrencies PremiumEmerging PatternsForecastsFX MAJORS Trade Ideas PremiumGBPUSD ForecastGBPUSD Technical AnalysisGBPUSD Trade Ideas PremiumIntraday Forex SignalsMidterm Forex Signals And SetupPremiumTechnical AnalysisTrade SetupsTriangle Pattern

GBPUSD H4 Chart Technical Overview NFP Ahead

GBPUSD H4 Chart Technical Overview NFP Ahead

Cable is testing the 1.30600 key support.

NFP will be released in an hour.

A better than expected NFP data may send the pair 1.3000 and 1.29400.

What can be done?

A pending sell order can be placed at 1.30400

Stop: 1.30700

Target 1: 1.3000

Target 2: 1.29700

Target 3: 1.29400.

Update: TP1 Reached

If the NFP does not meet the expectations, we may see the pair testing the downtrend line as seen on the below chart:

Here we plan to wait for the 1.31200 breakout to go long with the targets 1.31800 and 1.32200.

“Trading without technicals is like driving a car without brake
Trading without fundamentals is like driving a car in the dark with no headlights
Trading with emotions is “committing suicide” by M.H.

FREE SUBSCRIPTION

DON’T MISS OUT!! LIMITED TIME OFFER

BASIC PACKAGE MEMBERSHIP 6 MONTHS for $ 219

VERIFIED ACCOUNT AND SETUP RESULTS

CURRENCIES FORECAST   COMMODITIES FORECASTS   PATTERN SETUP    NEWS  SUBSCRIBE

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

You can contact us via Skype User Name: Chartreaderpro

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

Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker