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GBPUSD H4 Chart Overview And Trade Opportunities

GBPUSD H4 Chart Overview And Trade Opportunities

I have published the Daily Chart and Forecast of GBPUSD.

On the H4 Chart:

Bullish Bat Completed at 1.25750
Bullish Alt Bat at 1.25300

Stop Loss of this trade must be below 1.25000.

1.2600 1.26300 and 1.26700 near-term targets.

On the Daily Chart, we have AB=CD at 1.2500

What we have fundamentally:

1 FED Rate Decision
2 Boe Monetary Policy Statement

The real problem will start if it makes daily closing below 1.25000. 1.22500 would be tested in this case.

Trade :

We put buy order at 1.25200.

Our Targets:

TP1: 1.25600 / Reached

TP2: 1.26000

TP3: 1.26700

Update: 1.25600 has been reached. UK CPI and FED Interest Rate Decision will be announced today. To keep the risk lower, you can book partial profit and move Stop Loss To entry.



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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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