Looking for 2 potential TPs from this long... GBP was quiet overnight in the Asian session and has shown little momentum.
- The chart looks like a potential buy opportunity for when the European session opens up.
- MACD is currently crossing the signal line
- Stochastic is near the centre line and showing indecision in the market
- trend is currently sitting on a support line which gives me the impression this will be a buy and not a sell
- The chart looks like a potential buy opportunity for when the European session opens up.
- MACD is currently crossing the signal line
- Stochastic is near the centre line and showing indecision in the market
- trend is currently sitting on a support line which gives me the impression this will be a buy and not a sell
Trade closed: target reached:
TP1 Hit
Trade closed: target reached:
At this stage, I am going to close the 2nd half of the trade at TP1. Due to the upcoming US New Homes Sales and Consumer Confidence, the market seems to be relatively coy.
Comment:
However 4hr chart is showing potential for the trade long to TP2. But in my opinion, this is fairly risky given the reticent feel to the market this week.
Trade closed manually:
Closed the trade as I predict a potential reversal. Closed at 1.32026