We're long within 1.3821-1.3808 | 23 April 2021

23 April 2021, GBP/USD

We're long within 1.3821-1.3808

Technical observation

On the 4 hour chart above, price is declining steadily towards the supportive zone it established at 1.3821-1.3808, I expect a bounce within the zone mentioned above for a possible surge to the upper side; however, price could still penetrate below the same zone with a big red candle. If that is the case, wait for a correction to the just broken zone and a rejection within it confirming a possible momentum to the lower side before you sell GBP. However, if price is contained above the zone 1.3821-1.3808, pick long positions within it after a bounce with your take profit at the resistance level 1.4001 and stop loss at 1.3755.

Trade recommendation

Buy GBP within 1.3821-1.3808 with your take profit at 1.4001.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus