GBPUSD is expected to trend upward from the 1.34032 level towards the resistance zone. Whether it breaks through or reverses downward will ultimately depend on market players.This projection is based on a forward-looking metric analysis, which explains why the zones are not derived from historical price action on the left side of the chart, as is common in traditional technical analysis. However, the daily candles from previous weeks still contribute meaningfully to this outlook.
Trade active
First trade @033 Sl -10pips
Trade closed: target reached
We love MondaysBuy entry @033 closed for +90pips
Will be looking for sells from 978
Note
Sell entry @956 sl -10pips
Note
Entry 956 closed for +25pips2 trades: +90/+25 = 115pips
Buy entry @668
Sl - 10pips
Note
Buy Entry @668 closed for +75pips3 trades: +90/+25/+75 = 190pips
Sell entry @430
sl -10pips
Note
Stopped outDone for the week:
4 trades: +90/+25/+75/-10 = 180pips
Do have a good week ahead
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.