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Trading Signal GBPUSD- 18 / 08 / 2022 - 16:00 (GMT +3)


Instrument: GBPUSD

Previous Close 1.2048

Change -0.36 %

Current 1.2055

52 Week High 1.3869

52 Week Low 1.1863

30 Days ATR 0.0129

40 Weeks ATR 0.0160


Support & Resistances

1.1970 1.2143

1.1925 1.2190

1.1850 1.2275


Trend & Condition

Downwards
Strong


Comments

A Medium probability, entry signal to go SHORT
was given at 1.2076 after the market found
resistance at 1.2143. Only the upward break of
1.2143 would cancel the bearish scenario and
take us LONG.

Position & Trade Probability

Position : SHORT                        
Entry :  1.2076
SL :  1.2143

Trade P. :  Medium         
TP1 : 1.1925
TP2 : 1.1790

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence of investment research.
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