Basit-Abdul
Long

ANTICIPATED RISE FOR THE GBP

FX:GBPUSD   British Pound / U.S. Dollar
Current Market in the 4HR time frame demonstrates that the pair has been Bearish in recent days. The pair has reached the bottom linear level.

However there is still a somewhat of a choppy/ indecision movement and further confluence can considered due to the fact that the pair is significantly low on RSI .

The pair is also approaching a significant zone which has been used as a good support in the last recent months.

It can be predicted that the pair may approach the zone which can then be used as support and be followed up by a bullish movement.

In terms of entry, it should be anticipated for the market to reach the support with a instant execution of a BUY OR await a bullish indication can be anticipated.
Trade closed: stop reached: Looking for a possible re-entry.
Trade active: Re-entered.
Trade active
Nice analysis, price has moved up a little bit as you state price is very choppy, what is your target for this trade?
Reply
Basit-Abdul ApexFX_Pro
@ApexFX_Pro, Hi mate, thank you for your input. I was on a reasonable profit until I got closed out of the trade. Looking for a re-entry opportunity and I am hoping for the trade to possibly reach the 1.3050 level.
+1 Reply
ApexFX_Pro Basit-Abdul
@Basit-Abdul, welcome mate 👌
Hopefully will get that push in the US session tomorrow.
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