Money Builder Forex (MB Forex) is a trader with a lot of passion for GBPUSD. A pair that I believe to do the magic of producing the profitable pips in a gradual but sure processes.
Money Builder Forex (MB Forex) is a trader with a lot of passion for GBPUSD. A pair that I believe to do the magic of producing the profitable pips in a gradual but sure processes.
Ignored
speaking of yourself at the third person....like Alain Delon
lol
What to look out for in GBPUSD on Sunday/Monday 13th, 2020
GBPUSD fails to break the high of 2485 since Thursday and Friday, which brought the market to a close at 2445.
For those who want to buy the market, it is better to buy it at 2418 or 2409 because the market is likely to do some selling, which probably may find a support at those points. If those support levels did not hold at 2418 and 2409 respectively, the next support will be at 2380. However, before you take any buy trade at these levels, ensure there is a reversal candlestick formation.
On the other hand, those who want to sell the market at a probably short pips should do so but watch out for the above support price levels. If the market breaks those levels, find and good but if otherwise, the market will push further up to probably clear the high of 2485 and eying 3155.
Trade wisely, the candles are your friends.
GDPUSD has finally broken the 2485 high of last week. Presently at another resistance level 2522 on a daily chart. If that level can not hold, then it will be moving towards 2758 or 3098 high.
Trade wisely, the candles are your friends.
The GU downwards movement will likely do a reversal at 2232 or 2229. For those who want to scalp it, just be patience probably til it gets to any of those prices. It is pretty safe there.
I think many traders use this in their work because it is a sufficiently strong currency pair that is actively displayed in the market and can be used both for technical analysis and for effective use in fundamental analysis. And this is really justified, because extremely strong levels are formed here, which are suitable for short and long term positions. So I think you've definitely made the right choice and I think the result will be exactly the kind of results that will be the basis for a lot of income. In general, I think that it's the independent traders who achieve high results and in the end become the most effective market participants.
GU may likely continue it upward movement. It is more safe on a buy than on a sell. And it will be better to buy at 1.28214 if price gets there. Trade safe!
