PropSignals

GBPUSD looking for buys

Long
FX:GBPUSD   British Pound / U.S. Dollar
**Monthly Chart**

On the monthly chart, it has been moving in a narrow range for the last two months. In addition, Feb candle opened within the range and started moving lower after it tested the monthly high. All this suggests a move lower next week at least to test the liquidity candle low around 1.2200 level.

**Weekly Chart**

Last week candle also closed as doji candle with wicks on both sides. From what I see good levels to buy from are around 1.25000 and sell levels are around 1.28000.

**Daily Chart**

There were no good trade setups last week. The market was almost moving in a trade before CPI news on Tuesday and then tested the liquidity candle of 2nd Feb (the previous week's candle) but moved lower midway. Therefore, I will be interested in buying around 1.25000 (round number) level or lower with a good confirmation.

Join my PropSignals on Telegram t.me/+AJLAS9g5E_MxYmM8
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.