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Wednesday, September 22, 2021

GPUSD - BUY ABOVE @1.36

GPUSD - BUY ABOVE @1.36

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WHY BUY GBPUSD?
- SETUP IS LIKELY AN M - FORMATION OR A BULLISH SHARK PATTERN
- KEY SUPPORT AND DEMAND ZONE AT 1.36
- MEASURED OBJECTIVE OF PATTERN ALREADY COMPLETED OR NEAR COMPLETION
- FOMC AND FEDS RATE OUTCOME MAY BE BEARISH ON USD AFTERWARDS TODAY


It's good to layer buy positions from @1.3640 - 1.3600 - 1.3580 with SL at @1.3550/ 40
There are two possible targets in case this outcome is realized: 1. Target 1 is at neckline; Target 2 is at the previous double top
Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as the disclaimer below!


DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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