GBPUSD - BUY SET UP DAILY CHART
The market is reaching the buy zone on a Daily Timeframe .
* 3 zones meet together which does make that area a good buy.
*Downtrend support line, Uptrend support line and Daily support line meet in the buy box.
*Other Support zones could be found below the trend line but can be used as a new entry point,
if the market fails to find support in the buy box.
*If GBPUSD reaches the buy box it will create a new low since April 2017
Overall looking for GBPUSD to reverse to the upside over the coming weeks.
TP 1 - 315 pips
TP 2 - 500 pips
Longterm - TP 3 - 755 Pips
If the market breaks the resistance trendline then TP 3 will be reached
The market is reaching the buy zone on a Daily Timeframe .
* 3 zones meet together which does make that area a good buy.
*Downtrend support line, Uptrend support line and Daily support line meet in the buy box.
*Other Support zones could be found below the trend line but can be used as a new entry point,
if the market fails to find support in the buy box.
*If GBPUSD reaches the buy box it will create a new low since April 2017
Overall looking for GBPUSD to reverse to the upside over the coming weeks.
TP 1 - 315 pips
TP 2 - 500 pips
Longterm - TP 3 - 755 Pips
If the market breaks the resistance trendline then TP 3 will be reached
Trade active