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Buy GBP/USD at 1.6850. Take profit @ 1.6940 & 1.6985. Stop Loss - A close below 1.6800. On the Daily charts, the pair retraced 50% of its' upward move starting on the 11th of June, and this level represent the f

Buy GBP/USD at 1.6850

Forex Trades 186 Views

Buy GBP/USD at 1.6850. Take profit @ 1.6940 & 1.6985
Stop Loss – A close below 1.6800

GBPUSD Daily |FXLORDS

On the Daily charts, the pair retraced 50% of its’ upward move starting on the 11th of June, and this level represent the forth touch on the upward trendline. The CCI on the daily charts is in the oversold area, which suggest a reaction from buyers at this level attempting to reach 1.7 for another top in order to complete the double tops pattern.

About Razi Hammouda

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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