On my analysis released yesterday I gave my overview on GBPUSD and where I believed price would be moving towards during London Session.
GBPUSD is currently in an downtrend alongside was @Daily Support Zone which has been tested multipe times in the past, making it a great area for counter-trend opportunities.
Daily Support Zone (1.35640 - 1.36220)
During the London session, markett did a 1,2,3 Engulfing Candlestick formation! Entered @ close of Engulfing Candle, Indication of a reversal to the upside.
SL- 39 Pips⛔️
TP1- 39 Pips✅
TP2- 78 Pips✅
TP3- 117 Pips✅
First 2 TP Levels have been hit! Stop Loss moved to Breakeven and last position running
GBPUSD is currently in an downtrend alongside was @Daily Support Zone which has been tested multipe times in the past, making it a great area for counter-trend opportunities.
Daily Support Zone (1.35640 - 1.36220)
During the London session, markett did a 1,2,3 Engulfing Candlestick formation! Entered @ close of Engulfing Candle, Indication of a reversal to the upside.
SL- 39 Pips⛔️
TP1- 39 Pips✅
TP2- 78 Pips✅
TP3- 117 Pips✅
First 2 TP Levels have been hit! Stop Loss moved to Breakeven and last position running
Trade closed: target reached:
Trade is now over! TP 3 has been achieved!