Daily Forex Trade Analysis & Chart Analysis by ZR Traders

Daily Forex Trade Analysis & Chart Analysis by ZR Traders

Daily Forex Trade Analysis & Chart Analysis by ZR Traders –16th September, 2020

GBPUSD (Spot) 

Short Term Trend: Bullish.

Short Term Key Levels: TP1 1.2911 TP 1.2960 TP3 1.3010 TP4 1.3060

Price Action Signals: Price moved up from a Bullish Pin Bar that formed at the 1.2980 level several weeks ago. (event area)

Potential Trade Idea: We will consider trading long after a price retracement and after a price action buy signal on the daily chart time frame to confirm an entry, whilst prices hold above the 1.2640 t0 1.2810 key support area, in anticipation of a bounce higher back towards the 1.3180 level.

NOTE – You can trade Spot GBPUSD via the preferred trading platform LIVE CLICK HERE LIVE...

 

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