GBPUSD buy trade idea 30 04 2021
BUY GBPUSD 1.3956
SL: 1.3926
TP1: 1.3976
TP2: 1.3996
TP3: 1.4016
*Trading conditions may differ between account types and brokers.
Signal Analysis
Currency Pair: GBPUSD
BUY GBPUSD 1.3956
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: FOMC held monetary policy unchanged, holding interest rate at the targeted range of 0-0.25% and maintains monthly bond buying at $120 billion
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down turning, slow up to flat
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: Advance GDP q/q & Unemployment Claims 2030hrs
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