Get started
SigmaTrading

GBPUSD Long Setup

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
SigmaTrading  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fundamental Analysis Beyond Technical Analysis USD GBP Forex signals signalservice buy LONG SELL GBPUSD
9
2
trendanalysis fundamental beyondta usd gbp forex signals signalservice buy long sell gbpusd
From a COT perspective, we can notice that the GBP is continuing its strong growth in long contract sizes. From a technical perspective, in the beginning of August we also got a strong confirmation that price will remain above the monthly upper trendline. This is a clear indicator that GBP/USD will continue its momentum towards the 1.35000 Area

Price will start this movement from either the 130.0000 area or from the 1.28000 where we have a triple confirmation zone (0.236 Fibonacci level, monthly critical area and the monthly upper trendline).

Happy Trading!
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.