GBPUSD Bullish Reversal Opportunity
GBPUSD price is facing a credible resistance zone. If the price action is able to print a convincing Higher High and break this zone, it may be a signal towards a proper Bullish breakout.
Bulls may eventually face a strong resistance zone around 1.3401 till 1.3515. If there is considerable Bullish momentum in this price zone, chances of TP2 may increase. Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 1.31950
Stop Loss @ 1.2995
TP1 @ 1.3395
TP2 @ 1.3595
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Bulls may eventually face a strong resistance zone around 1.3401 till 1.3515. If there is considerable Bullish momentum in this price zone, chances of TP2 may increase. Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 1.31950
Stop Loss @ 1.2995
TP1 @ 1.3395
TP2 @ 1.3595
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Penafian
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